- RajsParticipant@rajsJoin Date: 2013Post Count: 13
Just wondering if anyone has any ideas if Dual Income properties are a good investment – in terms of appreciation and do banks lend for these type of properties.
I understand Duplex’s are a good investment however, their price have significantly increased
Any feedback or advice on which is better
ThanksJaxonParticipant@jaxonaJoin Date: 2014Post Count: 271
firstly, Dual income, Airbnb, etc are far higher return as a generalisation. Appreciation isnt based on income earnt, its based on age of property.
Be careful with the exact deal, e.g. uni dual livings etc, sometimes there are crapy rules.PerthPropertyHunterParticipant@perthinvestorJoin Date: 2014Post Count: 12
Hi Rajs…..what makes a good investment to you? Capital gains? Rental yeild? What area are you looking at? What are your goals? Borrowing capacity? Risk tolerance?The more information you provide the more specifically this community can help :-)JSA-PropertyParticipant@jsa-propertyJoin Date: 2018Post Count: 3
You are correct the prices of duel’s are high but so are the returns for now!
I have sold several in the last year in QLD as low as $515,000 and as high as $899,000 if you are thinking of getting a purchase i would do so sooner than later,
my most recent update on Duel’s in QLD is that the local councils are changing the build criteria to the land size must be 700m2 and that separate utilities must go in from June this year, that will bump the land price up by maybe $100k and the utilities will be around $25k so i have been informed, this means the price’s will rise or the developers will stop building them as someone has to pick up that cost.
I am selling my off the plan ones now as i feel after June they will be harder to find and more costly.
Hope that helps.D.H1Participant@d-h1Join Date: 2011Post Count: 1
Great feedback from the people already, I invest in duplexes only for positive cashflow & instant equity I am currently building duplex number 6.Corey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
Duplex properties have their place, just like any other type of investment property. Always remember that it’s important to first establish what you’re trying to achieve with the investment property – is it growth, rental return, a mix? That will dictate the type of strategy for buying investments. Duplexs generally may not perform to the exact same level as standard freestanding houses if on a single title – as it doesn’t fit the profile that most buyers want (a single dwelling) – so you miss out on that desirability (and potential emotional purchasers), instead it’s focused on investors who need the numbers for an investment to always work.
If the duplex is split on two titles that’s not so much of an issue – however then you have to ask what the value is in owning two properties in such close proximity than spreading your investments across different areas to exposure yourself to different growth markets and de-risk dud timing/market selection.
As to lenders – yes most do but each bank has different rules regarding it – some are certainly better than others so it’s best to have a good investment focused broker to help you with selecting the correct lender otherwise you’ll end up putting in a larger deposit than required, or be restricted on what products you can use.RajsParticipant@rajsJoin Date: 2013Post Count: 13
I am also looking at buying duplexes for cash flow and instant equity as I think it seems better than investment that single houses.
My biggest issue being able to identify the areas to invest in and the brokers that focus in duplex type loans to get the maximum benefit.
Regards, RajJaxonParticipant@jaxonaJoin Date: 2014Post Count: 271
Rajs I would say your very largely wrong. Houses are far far better from equity, cashflow however depends on the exact properties, as does equity (but houses have a far greater chance of getting the most equity build up)
plus you own legal right of the land, there are strict restrictions to duplex etcDuplexityParticipant@duplexifyJoin Date: 2018Post Count: 2
Do you use a project manager for your developments or do you select and acquire the land yourself, apply for the council permits, and employ a builder? Can you give us some insight into any manufactured equity and positive cash flow achieved and locations of your projects? Any advice appreciated.
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