Duplex and Dual Occupancy properties are sometimes on one title, meaning both halves must be sold together. If a duplex is subdivided into two separate titles, each home can be sold separately.
This can be done either during or after the build and adds instant value. Though you must check that the land is actually sub-dividable, as some duplex packages are not.
An additional benefit is that you are only paying Stamp Duty on the one block, not two.
For an owner occupier, a duplex offers opportunity to have family living under the same roof, though with some privacy & independence for each.
Multi-generational living arrangements are more commonplace in many parts of the world but are quietly emerging in Australia. At present one in almost five (18%) of households hold two generations. In Sydney, that increases to around 25% who live with multiple generations of relatives, while 9% hold three generations.
As an Investment, a duplex allows for two separate tenancies which halves any tenancy risk, as it is unlikely to have both vacant or with a problem tenant at the one time.
If you subdivide the block, you can sell one and draw a profit, or you can draw on the equity of either for another investment property deposit.
Blaq Property have Turn-Key Duplex packages starting from only $550,000 in many regions with different floor plans to choose from.
If you have any general questions please contact us to discuss or book in a short consultation with Rachelle.