Dual key investment properties are taking the property market by storm, so what is this new concept and is it really worth investing in?
Buyers Club Sales Manager Phil said the method is fast becoming a go-to for people in the property industry.
“A dual key property is something relatively new in the industry. It has only been around for the last half-a-dozen years,” he said.
What is Dual Key Investment Properties
Property investors are using dual key properties to get two incomes for the cost of one property. This is done by the investor obtaining a property with two residences on one title.
Phil said: “Typically, Dual Key Investment Properties will be a 4+1 or 3+2, meaning a 3-bedroom home with a 2-bedroom home at the back. You might have a double-lock-up garage out the front of it.”
According to Phil many property investors are renting out Granny Flats as a way to create dual key properties.
Are Dual Key Investment Properties Worth It
In many cases, dual key properties achieve the same benefits that someone would get out of a duplex with significantly reduced construction costs.
It’s a very flexible approach to entering the property market, with some owners still living in one property and renting out the other.
Do you want to get two incomes for the cost of one property? Dual key investment properties are your solution.
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