Building a dual occupancy home (or duplex) comes with many advantages regardless of whether you’re a first home buyer, builder, investor or are in need or some extra space for your family.
Our dual living designs can be a great way to offset your mortgage – especially if you decide to live in one of the residences. Our range includes “attached” or dual occupancy (dual-occ) designs as well as “secondary dwellings” or granny flat designs.
Benefits of Dual Living Homes
Building Equity
Building a dual-occ property, when built under strata title allows the dwellings to be valued as two separate homes. This means they can be sold separately, creating instant equity from the growth in the original properties value.
Our Owen 400 with Coastal Façade
Earn Extra Income
Whether you decide to rent your second dwelling out full-time or use it as an Air BnB, a duplex gives you the opportunity to earn rental income. Of course, you can even double this income by renting out both dwellings if you decide to not live in one of the homes.
Pay Off Your Mortgage Sooner
A dual occupancy home, while more expensive than a single dwelling gives you the opportunity to reduce your mortgage sooner by using your rental income. There can also be a number of tax deductions available with duplex homes, which is certainly an advantage for investors.
Second Dwelling For Your Family
Should your parent’s (or anyone in your family) circumstances change in the future, a duplex design gives you the option to have them closer to home without the need to give up space in your current home.
Hales 343 Traditional Floor Plan
Depending on your circumstances, there are, of course, some downsides to building a dual occupancy home. Council regulations and the Zoning of the land can affect the income potential (ability or inability to rent) a dual occupancy home, so due diligence is essential if you are considering a dual living home. We recommend discussing the risks and benefits with your Mortgage Broker.
Explore our dual occupancy designs here.
