Are you looking to downsize? Perhaps you are considering an investment property? A Dual Occupancy may be the answer you are looking for. Offering flexibility, high levels of equity and high rental yields dual occupancy developments provide excellent opportunities for the astute investor. At IBD we specialise in dual occupancy developments and can provide you with suit of service from design and planning right through to construction.
What is a Dual Occupancy?
Put simply a Dual Occupancy is two dwellings on one block of land. While there are various forms of Dual Occupancy for our purposes we will focus on a ‘Duplex’ which consists of two self contained, and completely separate dwellings, under the one roof-line and separated by a dividing wall.
What are the advantages of a Duplex?
Unlike a subdivision a duplex maximizes the use of the land whilst avoiding many of the associated costs such as holding fees, insurances costs and council rates.
A duplex is incredibly efficient to build due to each dwelling being built at the same time and sharing common walls and roof lines.
Duplexes typically have a much higher ratio of rental return than apartments without the large body corporate fees and maintenance costs typical of such developments.
When configured correctly a Duplex can significantly increase your tax depreciation and returns on investment
Duplexes allow for flexibility by typically providing positive equity immediately after construction and high rental yields. The investor has the option to sell one or both of the dwellings, rent both, rent one and live in the other etc. This allows the investor to remain nimble and flexible with their investment and respond to market conditions and changes accordingly.
High rental yields can result in huge savings in interest over the course of a loan and provide positive cash-flow to fund future investments.
For investors with elderly parents, who require ongoing care, a duplex can prove a loving and cost effective solution. When designed and built for this purpose a positive and practical family environment is created allowing acute care whilst also maintaining the privacy and dignity of aging family members.
How can IBD help?
IBD is the leading duplex design and construct builder in the Illawarra. With over 15 years of experience we are well equipped to provide an excellent end to end service for our clients. Our unique and comprehensive approach to design and construction provides our clients with an excellent front end service allowing them to approach their investment with confidence. We excel at providing custom design solutions specifically tailored to our clients needs, delivered on time and on budget.