Quick and simple, if you’ve never looked into dual occupancy homes before here are the top ten reasons you should seriously consider one as the next addition to your investment portfolio.

1: You get two rental incomes out of one build

For little more than the price of building a single residence, you can get a property with two completely self contained dwellings, and two rental income streams.

2: You pay one set of council rates instead of two

Unlike a duplex, which is classified as two seperate properties, and comes with two sets of council rates, a dual occupancy home is considered one single property and comes with one set of rates, decreasing your overheads.

3: You can live in one side and rent out the other

Earn a rental income from the home you live in and pay it off sooner or simply reduce your own contribution to mortgage payments.

4: The soundproof firewall

This feature that separates the two dwellings means privacy and peace of mind.

5: Totally self contained

Each has its own garage, entrance, kitchen, living area, bedroom or bedrooms, laundry and different electricity and water bills.

6: You save ~$10,000 in stamp duty

As you only pay stamp duty on the land and not the property build you save big compared to purchasing an existing home.

7: Resale is strong

Should you decide to sell up, there is a high demand for these kinds of properties, especially if you have established tenants.

8: You can pay it off sooner

Having rental income that is generally higher than a single residence means you can contribute more to mortgage payments, allowing you to use the equity to purchase your second dual key home… and that’s 4 rental income streams.

9: Tax deductions

You may be eligible for significant tax deductions for your dual key investment property.

10: They produce lower ongoing costs

With the reassurance of a new build you can expect few (if any) costs for repairs on old ovens, plumbing, electrical systems, or  unexpected problems from past owners using cheap and unskilled contractors, or DIY jobs.