Dual Occupancy or Dual Key Properties

2 incomes in 1 property

What is a Dual Key or Dual Occupancy Home?

Photo: Dual Occupancy Home Designed and Build by one of our Builders – Metricon.

A dual-key property is effectively one main property, divided into two dwellings, but instead of two exactly mirrored units like a duplex, it is usually a house on one side with a unit on the other.

Think of it as the modern-day version of a granny flat.

Dual income properties have become a popular investment strategy in recent years. Increased property prices have forced many out of the market, causing a surge in demand for alternative living arrangements.

Dual income properties provide an innovative solution for investors to meet such market demands.

A property is classified as dual-income when the owner generates two incomes by way of separate rental agreements.

Dual-occupancy properties are like duplexes in that they consist of two dwellings on one plot of land, but they don’t necessarily have to be adjoining.  Dual-occupancy properties, also known as shared living, have single title ownership. This means there’s only one set of rates and no body corporate fees to consider.

Why People Invest in Dual Key Homes

Dual occupancy homes are the types of homes that are currently considered to be the wisest investment opportunity. They allow for a variety of benefits and provide an ideal way for you to get a great return on your investment – faster.


One of the biggest benefits of owning a dual occupancy home is that it is easy to rent because it offers more privacy than an apartment. It is like having two properties built into one. This means that you can find many individuals that are willing to rent this property and allow you to begin making a return on your investment right away. Since there is privacy, renting out a dual occupancy home is very easy.

Higher Returns

It is also important to consider the amount of return that you can get on your investment. With a dual occupancy home, you have the ability to collect rent from two separate dwelling areas. This provides you with potentially making almost double the rent by owning a dual occupancy home plus you to get a higher return on your investment. You will be able to repay the loan that you have on the purchase back in a quicker amount of time since you will essentially be recouping rent on two separate properties.

Ideal starter investment

If you are looking to just get started in the real estate market, a dual occupancy home can be a great option. The risk is relatively low. You always have the worth in the value of the home and you will get a return based off of the rent that you obtain. Many people that buy dual occupancy homes choose to live on one side and rent the other side out. This allows you to have your mortgage payment paid for you. It is a great option if you are looking to get access to high value.

Disadvantages and CONS of Dual Key Homes

Regulations and Rules

You have to understand council legislation and how to get approval. Not all councils allow the building of dual-income properties so it’s important to understand these rules and regulations.

Build Cost

Consider that the initial cost of building a dual income property may also fare higher because you’re essentially building two homes. For example, the cost of building a Dual Key will be higher than constructing a single unit. However, given that dual income investments have the ability to generate two revenue streams, they typically make up for this outlay.

How to Invest in a Dual Key or Dual Occupancy House

If you are considering buying a property and trying your hand at investing in the real estate market, try starting with the purchase of a dual occupancy home.

Talk to us. Each homebuyer or property investor is different and has a certain purpose when purchasing a property.

Duplex Vs Dual Keys

A Duplex is 2 residences that have separate titles built on one block of land, a financial advantage over owning 2 blocks of land and 2 houses as a lesser cost from the rental returned.

A Dual Key property is one residence that has been built to accommodate 2 families. The advantage over Duplex is there is no special council approval needed and therefore is cheaper for a similar rental return to a Duplex.

You can sell one side of a Duplex if they have separate titles ( which cost money to get approved ) while you can not do so with a Dual Key.

We can help guide you through all the hoops and bumps that are present in every property buying stage – we handle the sourcing, assist with the mortgage, up to the turnover – we also secure you a rental guarantee with an option to 1- 3 years. Check out our 1-3 Year Rental Guarantee HERE.

You can fill out the form below to request more information or to chat with us about investing or buying a dual key unit in NSW and QLD areas.

In the meantime, if you are looking around for investment property deals, we have high yield, low-risk rental property investment stock list straight from our builders (lower price better inclusions, rental guarantees, complete turn-key!) – you may sign up for weekly inventory and property investing insights HERE.

Check out all our available dual key investment properties HERE.

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