$630 - $750
6.0% - 7.1%
Dual keys are a relatively new addition to Australia’s property market and provide flexible and potentially lucrative options for investors. Dual keys act as a single-titled property that contains two separate residences, allowing investors to maximise rental returns.
As opposed to duplex housing, which often requires separate strata titles, dual key homes allow for two income producing properties to reside on the same title. Each property on the dwelling can then be rented out to separate tenants, generating higher rental returns. Since dual key homes reside on a single lot, property investors will only face one set of council fees and water rates with this type of investment. So, whilst owners benefit from greater rental income, they will also pay lower maintenance costs than they would for two separate investment properties.
Dual key homes appeal to students, first-time renters and elderly people looking to reside in a low cost, low maintenance property.