Dual-Key / Twin-Key Dwelling Examples

This design is changing, but it's based off the DC7112 design to fit on a 12.94m wide block with a very odd angle across the front, subdivided off from the main lot.
DCP requiring 2 car spaces for 3bdrm homes, 1 behind the build line (garage) and one in front, 5.5m setback from the boundary, 4 bdrm requiring 2 car spaces behind the build line (double garage). Carports aren't attractive to new builds as people want garages, double preferable seeing as alot of households have 2+ cars.

I'll be making a carport beside the garage for the granny flat because of the boundary setback and distance to garage I should have enough room for a metal structure on the boundary connecting to the eaves (metal being fire rated).

Off street parking/car space isn't required for Granny flats in NSW, not sure if it is different for WA, though I feel having a car space undercover would be preferable for potential tenants.

Is there a minimum floor area for NRAs or have you got advice that your plans are acceptable?

If I had access to NRA's for this build, I'd use it to pay down debt as fast as possible, as the entry cost is only about 350-400k once subdivision is finalised, then keep long term as an Income play.

 

Here's the type of ATTACHED we do

 

Nice design, I see you've limited how much firewall is needed,

How wide is it across the front?

 

Here is the type of DETACHED we do. We place them side by side to maximise yard space .

On corner lots they are obviously not placed this way

 

Real world examples

 

That's how to do Dual-Occ properly.

 

We think so too.

 

Thanks for your suggestions.
It seems that the updated design should on 14m block.

 

Looks awsome!
If you dont mind asking me,what is the frontage?
I doubt it would fit on 14m block.

 

Do Dixon operate in your area?

 

Not in WA

 

Finish looks great!

 

Fair call, there are alot of other examples on the Dixon website you can browse through to get ideas.

Best of luck with it, and good job on the NRAs.

 

Thanks mate.Appreciate it.

 

After doing quite a bit of study recently,I have formed the opinion that reselling dual occ may prove challenging as it is purely an investment product.Value of land may appreciate over years but the yield for the next buyer would be lower and thus unattractive.It is essentially a yield play.

 

@RetireRich101 any idea on the build costs in brisbane for the said size.

 

@euro73 That's amazing CG growth in short period of time.Having said that,if someone had to sell wouldn't it be challenging as the yield go down at current price.would be great to know your perspective.I am of the idea that dual occ would mainly attract investors who chase yields.

 

@thatbum Thanks for your feedback.
I get your point that it"s more worthwhile to invest in traditional properties over fancy NRAS.
Due to personal circumstances,it only makes sense for me when there is cash flow.

 

I started out as a cashflow investor as well. But that doesn't mean you forgo growth or equity gain while chasing cashflow. You will just need to search for something with both features!

 

NRAS are traditional properties. NRAS is simply a tax credit, that superchargesyields for up to 10 years. Sometimes I think people believe that because a property is eligible for participation in the NRAS, it is by default inferior, just because of the tax credit eligibility etc...

There is no denying that SOME substandard properties were dressed up to look better by applying NRAS to them. This was especially true in SE QLD in the earlier years of NRAS- say 2011,12,13,14 . But it is equally true that SOME properties eligible for NRAS were also cracking properties ....

In the end- if you dealt with the right people, who employed NRAS the right way , you got the best of both worlds. I have proven that time and again