Duplex

A duplex is a residential building that has two units under a single roof. The two units share a common dividing wall that splits the building into two separate homes. Also known as dual occupancy, each unit acts as a totally separate home with its own amenities, entrance and yard. Both units can be on a single title, which would mean you would have to sell both units together. If you subdivide your duplex into two different titles, which is the preferred option for investors, you’re free to sell them individually as single units or keep them and refinance them. This method will also achieve a much higher valuation for equity creation to help fund future projects and purchases so that you can build up your property portfolio, ultimately helping you towards your goals.
The main benefits are as follows:

Instant equity and positive cash flow
• Building a duplex on a block of land instantly increases the value. It can go up tremendously once your builder completes construction. This is known as instant equity. This allows you to control your portfolio and don’t need to wait for capital growth in the market. Our clients are regularly seeing gains of $150,000+ in instant equity in less than 12 months.
• Arguably one of the leading benefits of building a duplex is the dual income. Rent from two units. This provides you with positive cash flow, with the potential to earn 7%+ rental yields. This creates a positive geared portfolio. Having an additional income can help you pay off other debts, go on that long deserved holiday or take a break from work.
• Another thing that that spurs people to build a duplex rather than buy a duplexis the opportunity to customise it. You can add linen cup-boards, pick your stone bench tops, ducted air conditioning and down lights. You can choose your windows and the entire layout of the duplex to suit the demographics of the area you’re building in, to maximise the return.

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