Dual Income properties have been in limelight recently. Here are the 4 reasons to buy a Dual Income Property in Australia.

Before discussing some great reasons to consider a Dual Income Property as an investment. Let’s check the sample floor plan for Dual Income Property

Two Separate Incomes Under One Roof

• A Dual Living property provides two rental opportunities under 1 roof, giving you the flexibility to rent both separately to different tenants providing two income streams.
• Maximize the potential of one block of land and the floor size under one roof – essentially this means improved cash flow and reduced maintenance costs.
• Decrease risk – if one property is vacant for a certain period, there is still an income from the other dwelling.
• The lower risk is associated with vacancy periods as there is a secondary rental income.

Minimal Expenses and Outgoings Compared to a Home

• Only one set of rates / no body corporate fees; and
• No strata fees, as the dwellings remain on the same lot/title.

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Lower Build Cost Per Sqm and Reduced Maintenance Costs

• Cheaper build costs compared to a duplex or two separate dwellings.
• Lower maintenance costs compared to other properties; and
• A varied style of tenancy arrangements – in-law accommodation, teenager retreat.

Increase Tax Benefits

A Dual Living property will have a higher amount of depreciation which may assist you to minimize income tax by using a depreciation schedule.

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Disclaimer: Articles in this blog are just the author’s or authors’ personal opinions.
It may or may not be correct. Please do your own due diligence and seek professional advice according to your own personal circumstances. The author or authors cannot be held responsible/liable for any content in this blog.

*all images are for illustration purposes only