Hi All, I am in NSW and looking to buy a dualkey or duplex land+construction property in SE QLD. I have come across Ross Sondergeld from Duplexing.com.au or AusHomes. Anyone heard of him or used his services before. Any comments/feedback/reviews? He has provided a brochure about his services and what they can provided, however just not sure about the areas suggested (i.e Perwillowen or Waterford West). Any feedback would be appreciated. Regards Shah
Hi Shah, One market has 10% renters while the other market has 41% renters. To me, one is too less vs other is too much. Have you asked what makes the markets so special for dual occupancy/ duplex? Regards Ashish
I think so. Dual key are basically two houses but with a common wall. Looks like one property from the front. Also a bit difficult to get good valuation with Bank as their marketability is to investors only and to a large family and not mom &dad owner occupiers. Duplex is two seperate houses with common wall that could each be torrents title or on strata title. Banks prefer Duplex over Dual Key as they are preferred not just by investors but by mom and dad OO as well.
Hi Ashish Thanks for your reply. Where do I get such information from? Yes it's a good tip to ask them of this question.
Just different statistics from various sources. % of renters rental growth % stock availability vacancy rates etc is a quick way of assessing an area at a high level. Then someone can deep dive.
Not quite..... Dual Key is a property that has one common main entry point and then 2 separate living areas operated by 2 different keys. A good example may be a 2 bed, 2 bath apartment with a common key to the front door and then a small foyer inside from where each occupant uses a different key to enter their own portion of the dwelling. Typically, not individually metred for gas, water etc... Dual Occupancy is 2 dwellings on 1 title where both properties have independent entrances and are individually metred. A good example may be a house with a granny flat /secondary dwelling . There is no common point of entry. Dual Keys are not generally acceptable to most lenders.... and mortgage insurers usually dont like them much either. Not impossible to finance, but certainly not something you can get the majority of lenders to accept. Dual Occupancy ( 2 on 1 title) is acceptable to all lenders and mortgage insurers up to 95% for O/Occ and 90% for INV.
Thank you Euro for such an easy to understand explanation of Dual Key vs Dual OCC. I was leaning towards DualOcc and this has provided me information for even stronger justification to do so.
Ashish sorry to go off topic, but where can someone go to find information on these stats that you've mentioned?
