With every New Year, the need for getting property is increasing day by day. The task of property investment companies is becoming tedious. For those handling the real estate affairs in Australia, there is an increasing trend witnessed related to the demand for a new concept called dual key homes. This new addition to Australia’s real estate business is a flexible but profitable mode of earning through real estate. The dual key homes are single titled construction with two living areas. They are popular because these homes let you earn more. They are just the right choice for the elderly dwellers in the family. This article will provide you with the necessary information related to this popular type of dual key investment property, so if you are thinking of getting one, you can make the decision. 

Will these homes do some good?

Dual key homes mean that you are doubling your profit through double tenants. In dual key dwellings, there is no need to have separate spaces for the two spaces. Both the properties will be on the same title. Each unit is independent and can be used by two different tenants. Thus, the profit would multiply as well. 

Dual key homes can help you enjoy better rental yields. It is beneficial for those who fear the high mortgage due. Many property owners use one side of the house as their residence and the rental property. 

The dual key homes are in high demand. Many people visit the property investment advisor in sydney get the dual key home to save the undue maintenance tasks. In this type of home, the owner has to pay the council fees and the utility charges. It is easy to maintain two sections in one site rather than two separate spaces in different locations. 

If you have a family that has elderly members, then this can be a good choice. You can keep the elderly close to you and still enjoy an independent and free lifestyle of your own. It is an equally great choice for the students and those who have just moved to a new town and want something economical. 

Are there any deficiencies?

There is no doubt about the advantages and benefits of this kind of dual key investment property. Still, for the final decision, it is essential to look for the cons too.

This is an emerging trend in the Australian real estate market. Hence, it is hard to predict their likely future. Make sure to decide your target market and the expectation for capital growth. The professional way to handle this problem is to consult the property experts who are well aware of the said prospects. 

It is not easy to get a loan either to acquire this kind of home or against it. It is because of the uncertain future of this type of property. Loan lenders are apprehensive about what is likely to happen with the same if they approve the mortgage. 

It is one whole unit and cannot be handled individually. The rent comes in two parts as well. On the contrary, if you try to sell the dual key home as two separate entities, you cannot do that. It is technically considered as one whole. Thus, it limits the appeal and the market value. 

Conclusion 

Here we have added all the good and the bad about the dual key home. If you plan to add it to your list, it is essential to keep all the pros and cons in your mind. Match the features with your haves and have-nots and then decide if this category of homes is suiting you or not. Visit here for the best houses deals https://www.buyersclub.com.au