Dual Key Homes in Newer Estates (Outer Suburbs Melbourne)

Discussion in 'Investment Strategy' started by mnshbnsl, 26th May, 2020.

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  1. mnshbnsl

    mnshbnsl New Member

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    25th May, 2020
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    Location:
    Melbourne
    Hi All,

    Which states allows dual key homes?
    Does victoria allows dual key?

    I was browsing newer estates in melbourne and came to know about dual key which is a house under one roof but will have 2 portions to rent. I am not sure how the utilities will be shared as the address of the property will still be one address.

    Thoughts please?
     
  2. My House QLD

    My House QLD Well-Known Member Business Member

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    Location:
    Brisbane
    Queensland has them. Usually the utilities will be metered separately.
     
  3. mnshbnsl

    mnshbnsl New Member

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    25th May, 2020
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    Location:
    Melbourne
    Does that means all the utilities can have sepearte meteres?
    Will it have one address or will it have A or B?
    What about the bond? Will there be 2 bonds for both the tenants or just one?
    And what about the insurance, does insurance companies consider this as 2 properties or just one?

    Sorry just confused...
     
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    15th Aug, 2005
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    Location:
    Gold Coast
    Most dual key homes are better described as a duplex pair on one title

    We have financed a few

    ta

    rolf
     
  5. mnshbnsl

    mnshbnsl New Member

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    25th May, 2020
    Posts:
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    Location:
    Melbourne
    Has anyone done in victoria?
    Would like to hear more... Thanks