Things to Know about Dual Key investments:
1. Build cost Depending on the style of dual key home chosen, the build cost can be slightly more than a traditional home due to the number of bathrooms, laundries, kitchens, and fencing requirements. However, due diligence will show that this cost is effectively offset by the increased rental return and property valuation post-build.
2. Must be sold as a single unit Unlike a duplex, a dual key investment dwelling is constructed under one strata title which means that the main house and auxiliary unit must be sold together. This will make the property more expensive, but as demand is high for this type of property it will most likely result in a financial windfall when onsold.
3. It is a long-term investment If you’re looking for massive short-term capital growth, another property style may be more suitable for your needs, however, you’re looking for long-term passive income, then dual key occupancy offers the best compromise between human density and quality of life.
4. Know the area and demographics. Some suburbs and plots of land lend themselves to dual key occupancy better than others. Crunch the rental return and capital growth numbers carefully to determine if the dual key investment opportunity for is you. An OJ Pippin Home Dual Key Specialist can easily help you with your analysis.
If you’re looking for a build partner to make the most of your property’s hidden wealth, it’s time to call OJ Pippin Homes now. Call 07 3889 7775