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QLD Dual key homes in Brisbane

Discussion in 'Where to Buy' started by kvellimalai, 21st Jul, 2016.

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  1. kvellimalai

    kvellimalai Active Member

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    Hi All,
    I recently came across some details about the dual keys homes in Brisbane. I am told it is a single site with two houses in it. the rental appraisal provided was very good giving a return of 8% .
    Did anyone come across similar?
    What's your thoughts on this type of investment.
    Will there be any issue on renting?

    Velli
     
  2. Biz

    Biz Well-Known Member

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    Illegal in Brisbane. Ok in Logan and Ipswitch.
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    many lenders have LVR restrictions on this stock, so chekc with your lender/broker first

    8 % rtn is great............. but not if the lvr is 60 %

    ta

    rolf
     
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  4. kvellimalai

    kvellimalai Active Member

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    Thanks Rolf.
     
  5. kvellimalai

    kvellimalai Active Member

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    Thanks Biz.
     
  6. hash_investor

    hash_investor Well-Known Member

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    also legal in MBR
     
  7. Bender12

    Bender12 Active Member

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    Have you got a link? 8% sounds great! 60% is doable if you have a lot of equity.
     
  8. Blueskies

    Blueskies Well-Known Member

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    Hi Rolf, what are the criteria for that low LVR? Is that dual occ where the second residence is ancillary/secondary rather than a duplex type setup?
     
  9. hash_investor

    hash_investor Well-Known Member

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    I believe 60% is not required. The criteria would the same as any other home because it is under one title
     
  10. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    If the property has a common entrance it will be regarded by most lenders as "dual key"..........many lenders wont touch them, some you can get them through at higher lvrs with various different methods. The Higher % return is a reflection of the lower capital value of the asset due to its quality as a security.


    if the property is a duplex pair with separate entrances then not an issue with Most (note not all) lenders will od under standard security LVRs

    ta
    rolf
     
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