DUAL KEY – PERFECT SOLUTION FOR REAL ESTATE INVESTMENT

What is a Dual Key property?
A Dual Key property comprises two homes built under one roof and held under the same title. By offering higher rental yields per square metre, Dual Key can be a smart way to invest in a house-and-land package.
Benefits of a Dual Key property:
① Two rental incomes from one property
For a little more than the cost of building a single home, you can have two completely separate homes and two sources of rental income.
② One council charge
Unlike a Duplex, which is classified as two separate properties with 2 council charges, a Dual Key property has 1 council charge, reducing your costs.
③ Live in one home and rent out the other
Earn rental income from the property you live in to pay off your mortgage sooner or reduce your own repayments.
④ Separate living arrangements
Each home has its own garage, entrance, kitchen, living area, rooms, laundry and utility bills.
⑤ Savings on upfront tax
As you pay tax on the land rather than the construction, the source article describes savings compared with buying an existing home.
⑥ Resale potential
If you decide to sell, these properties may attract strong demand, particularly when tenants are already in place.
⑦ Pay off your loan sooner
Dual Key properties generally generate more rental income than a single home. This can help you repay your loan sooner and use your equity to purchase a second Dual Key property, giving you 4 sources of rental income.
⑧ Tax deductions
You may be eligible to claim significant tax deductions for a Dual Key investment property.
Did you know?
The source article states that you can apply to your local council to subdivide a Dual Key property into two separate titles and sell them individually.