Disclaimer: – Articles in this blog are just personal opinion of the author or authors.
It may or may not be correct. Pls do your own due diligence and pls seek professional advice according to your own personal circumstances. The author or authors cannot be held responsible/liable for any contents in this blog.
A dual income property is one that has two rental streams under one roof. Usually, there is either a 3 or 4 bed unit, accompanied by another full self-contained 1 or 2 bed unit, with a separate entrance. They are usually on one title and cannot be sold off separately like a duplex that is strata titled.
Now that we have a rudimentary understanding of what dual income properties are, let’s take a look at all the reasons why you should be investing in them right away!
Why invest in a Dual Income Property?
- High Rental Yield: A dual key property has a higher rental yield when compared to other types of properties. It generally gives a rental yield of anywhere between 6% and 7.5% which is considered a fantastic rental yield.
- Positive Cashflow: A dual key property also has a good positive cash flow per week. The cashflow can be anywhere between $120 to $350 per week which means approximately $480 – $1,400 per month.
- Two Incomes: Since you can build two properties on a single plot of land, you can rent it out to two different tenants which means two incomes!
- Tax Benefits: With dual key apartments still comparatively newer in the Australian market, they have huge upsides when it comes to tax. Consulting us would give you an in-depth idea of all the tax benefits you can avail.
- High Rental Income: With a dual key property you can get a rental of anywhere between $620 and $820 every single week! This means that every month you can get a steady income of approximately between $2,400 and $3,300 only via rent!
From the front it looks like a normal home but is provisioned to have 2 seperate tenants in them.