Accelerate your wealth with more than one income from one property
Dual Dwellings is another innovative method occurring more and more in the past few years, which has come about due to the need to find more affordable properties for people looking to rent.
There is always someone looking for cheaper rental.
Dual Dwellings are more difficult to find and, being located in high demand areas with limited supply, should therefore assure excellent capital gain as well as increasing rental yields.
These types of properties need to be approved by the local council and then the land development group with stringent building conditions, and are more often located in owner occupier estates and locations.
How does it work?
- 2 Properties to rent out for one purchase price.
- Positive cash flow
- Returns of approx. 6.9%
- Two lots of tax deprecations to claim instead of only one
- Capital growth potential
- Minimal outgoings
- 3 beds, 2 bathrooms, single garage PLUS 1 beds, 1 bathrooms, single garage OR 2 beds, 2 bathrooms, single garage PLUS 1 bed, 1 bathrooms, single garage
- No Body Corporate fees
- Separate water and power – tenants are charged separately
- High demand
- Looks like a standard home from the street
- Risk minimisation
Investing in specialised housing is a solution for those looking for a guaranteed funding stream.
The income stream is government backed.
What is NDIS
The National Disability Insurance Scheme Act 2013 (NDIS) provides support for people with disability, Their families and carers. It is jointly funded and governed by the Australian and participating States and Territories government.
The main component of the NDIS is individualised packages of support to eligible people with disability. This is expected that around 460,000 Australians will receive individual supports.
These properties are SPECIFICALLY APPROVED by Government authorities to provide high care facilities for higher need and older people.
Demand is higher then supply and only after rigorous planning with relevant authorities can this type of accommodation be approved.
Much higher returns and no vacancies to worry about as it a government backed rental scheme.