How to get the most out of your land with dual occupancy
When it comes to property investing, many families are keen to maximise their options. Whether it’s seeking a new investment opportunity or developing property that meets current and future family needs, it’s no surprise that this is high on the agenda for many Australians.
In recent years, dual occupancy has become a savvy way forward that more and more families are tapping into. It’s something G Developments know a lot about, and they’re keen to help even more Australians understand the benefits.
What is Dual Occupancy?
Dual occupancy developments, otherwise known as ‘DualOcc’ homes, typically consist of two or more dwellings built on a single block of land.
Across Australia’s growing metropolitan and regional suburbs, it’s common to see new dual occupancy builds popping up where older properties once existed. They are a popular choice for new home buyers, investors, and those who are looking to maximise the potential of their existing block of land.
As Australia’s leading builder of dual occupancy homes, G Developments has development specialists who will work with you to ensure you get the most out of your land. Their team’s wealth of knowledge and superior build quality in this highly specialised area of home building means you’ll have a safe pair of hands to help you achieve your goals.
The options when it comes to building dual occupancy properties are substantial. With the choice of building semi-detached or detached dwellings, G Developments’s range of floorplans are designed to cleverly utilise the space of a block – maximising living space and comfort for each build without sacrificing the benefits of a stylishly designed home.
How Can Dual Occupancy Help Australian Families?
According to data from PropTrack, the median house price in Australia rose by 22.7% last year alone. With some areas demanding a 20% deposit plus additional fees and costs, it’s taking many young Australians longer than ever to get their foot on the property ladder.
Dual occupancy developments offer the potential for families to plan for their future while creating shared and individual spaces on one block of land. It can allow aging homeowners to downsize on their current property reducing the need to move into an aged-care facility, while freeing up space on their block to build other dwellings. It also provides the opportunity for parents and adult children to reside side-by-side, allowing the kids to save for their own property at home while still maintaining their independence.
With the increased cost of living in major metropolitan areas, dual occupancy can offer potential solutions to the financial issues many first-home buyers and families face, setting them up nicely for future success.
How DualOcc Offers Potential Investment Benefits
When landowners subdivide a block of land and build two or more houses, the financial return of selling multiple properties rather than just a single dwelling can provide significant return on the original investment.
For those who don’t want to sell their dual occupancy properties, the potential to break into the investment market also exists. By renting out one or more properties from a subdivided block, mortgage payments can be quickly repaid through a consistent income generated from leasing to others.
G Developments strives to make choice and customisation a priority for investors and homebuyers. With different designs and floorplans available to choose from, and a wide range of customisable internal and external fixtures and fittings, the options are limitless to make your investment property unique to your needs.
When it comes to value for money, dual occupancy homes are a solution that makes sense for anyone wanting to break into the housing market or those wishing to increase the value of their current land.