Are you looking at buying an investment property? If so, why not a dual living property?

When investing in dual living/ dual occupancy properties you essentially own two individual dwellings that belong to one residential household. Dual living property investments have the potential to offer higher rental yields because they're able to generate two rental incomes with two rental agreements.

Types of dual living property

Dual living properties can either be attached to each other or they can be constructed as separate dwellings on the one block of land.

Dwellings that are attached:
- A duplex: two properties that are attached together and share common walls. They're a house divided into two and can be sold separately

- A dual key property: is similar to a duplex. They're still attached. Though, a dual key property is considered as a house on one side and a smaller unit on the other

Separate dwelling:
- Granny flats: are a separate dwelling on the same block of land. They're generally smaller than the main house and are located at the back of the main dwelling

What are the benefits of investing in dual living property?

When buying an investment property, you should consider a dual living property due to their ability to generate a return on investment. These properties have a rental yield of up to 7%. Furthermore, they offer capital growth potential for real estate investors as they're beneficial for growing populations.

When buying an investment property that's a dual living, you're able to take advantage of certain benefits that you don't often experience with single dwelling investments. These types of properties have two different water and power meters. Though, usually, these types of properties do not incur additional costs of separate rates.

There are also tax benefits and savings to stamp duty as you only have to pay the price of an individual block of land.