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Two Homes In One – An innovative new product that is becoming an increasingly popular choice for investors in the residential market. The concept of Dual Living consists of two individual self-contained residencies all contained within the one traditional housing design. The dwellings are split by a certified fire wall, which allows the owners to separately rent one or both of the homes to tenants, offering an additional rental income and making this investment cash-flow positive.
This new concept of dual-living offers various opportunities for buyers such as:
• First home buyers can relieve their mortgage stress by having an additional source of income from renting one of the dwellings.
• Large families requiring four bedrooms, as well as families living with aged parents or older children are able to do so with these dual-living arrangements.
• Investors can achieve a higher rental yield with the two rental incomes, along with the low outgoings, which these dual-living products offer.
Benefits for Investors:
• Two sets of rental income producing a higher yield, which should ultimately make this a cash flow positive investment;
• Lower risk associated with vacancy periods as there is a secondary rental income;
• No strata fees, as the dwellings remain on the same lot/title.
• One set of Council rates and water rates, as opposed to strata titled dwellings.
• Market rents for each dwelling are more affordable to rent than a typical 4 bedroom investment property, which increases the demand for this type of property.
• Separate water meters, electricity bills, gas meters and phone lines.
Comprising 2 sources of Accommodation and Income.
Unit 1: 3 Bed, 2 Bath, 1 Car Accommodation.
Unit 2: 2 Bed, 1 Bath, 1 Car Accommodation.
Expected Rent
$290-$320 for Unit 1
$250-$270 for Unit 2
Location, Location, Location
The Albury/Wodonga region is the fastest growing regional centre in Australia, recognised as a strategic hub positioned perfectly between AustraliaÂ’s two largest cities being Melbourne and Sydney, more than 75% per cent of AustraliaÂ’s population can be reached by next day transport. Albury/Wodonga has average 8.06% capital growth over the last 36 years according to statistics from Fisher Murphy Valuers. Residex recent regional property statistics forecast WodongaÂ’s property prices will grow by 4% p.a over the next 5 years, this is the 2nd highest in the state. Albury/Wodonga is the 2nd most affordable place in Australia to live according to the Demographia International Housing Affordability Survey, current rental vacancy rate is only 1-2%, this is one of the lowest vacancy rates in the country and about a third of the industry average
Amenities within 5km of the estate
• 3quality child care/pre-school options
• 2 quality primary schools (1 x public, 1 x private)
• 2 quality secondary schools (1 x public, 1 x private)
• Lavington Square Shopping Centre (57 specialty retailers and 3 majors (Woolworths, Big W and Aldi)
• Lavington Sports Ground (capacity of 20,000 with TV broadcast quality night lighting)
• Lavington Panthers Sports Club (Bingo, Pokies, meals etc)
Special Features Include:
• 5 Bedrooms with B.I.RS
• Ensuite to Master Bedrooms with W.I.R
• Open plan Family/Dining/Kitchen
• Seperate Media Room
• Covered outdoor entertaining areas
• Modern Kitchen with Breakfast Bar
Deposit:
A $1000 holding deposit is required to secure the property, the balance of 10% of the land value is due when your loan has been formally approved.
Act Quick This Will Not Last
Dual Occupancy House & Land in the Albury Municipality are highly sought after.
For more information or details please contact the agent
* Disclaimer - Photos shown are indicative. For individual floor plans, and specific photos please contact the listing agent.
If you have any enquiries please contact Wilson Realty direct on Display phone number
