Truth behind Dual Occupancies

Have you heard people talking about Dual Occupancies as the best method for achieving the best cashflow on an investment property?

If you are in Victoria, you may be wondering are they really as good as the talk? 

Dual occupancies are commonly enjoying rental returns of 6% plus, which is significantly better than traditional properties.  Owning a Dual can be achieved from the low $400,000s in regional centres to higher $400,000s closer to the major cities with access to properties in the $500,000’s, $600,000’s and $700,000’s. One the investment front, buying a Dual Occupancy is a great option and only needs you to have a moderate level of equity and income to obtain finance.

 In Victoria, it must be said, it has almost leap frogged this type of investment and gone directly to the knock down and rebuild of two townhomes as duplexes, each on their own title.  The only problem here is that this type of development generally requires access to $1.8 million to achieve a safe outcome.

A Dual Occupancies work well, only needing equity to cover the 10% plus costs for most purchases. The Dual Occupancy as an option in Australia is extremely safe.  It also offers growth and a generally strong positive cashflow income which many investors are using to pay off their own mortgage on their principle place of residence.

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