Two Homes In One An innovative new product that is becoming an increasingly popular choice for investors in the residential market. The concept of Dual Living consists of two individual self-contained residencies all contained within the one traditional housing design. The dwellings are split by a certified fire wall, which allows the owners to separately rent one or both of the homes to tenants, offering an additional rental income and making this investment cash-flow positive.

This new concept of dual-living offers various opportunities for buyers such as:
andbull; First home buyers can relieve their mortgage stress by having an additional source of income from renting one of the dwellings.
andbull; Large families requiring four bedrooms, as well as families living with aged parents or older children are able to do so with these dual-living arrangements.
andbull; Investors can achieve a higher rental yield with the two rental incomes, along with the low outgoings, which these dual-living products offer.

Benefits for Investors:
andbull; Two sets of rental income producing a higher yield, which should ultimately make this a cash flow positive investment;
andbull; Lower risk associated with vacancy periods as there is a secondary rental income;
andbull; No strata fees, as the dwellings remain on the same lot/title.
andbull; One set of Council rates and water rates, as opposed to strata titled dwellings.
andbull; Market rents for each dwelling are more affordable to rent than a typical 4 bedroom investment property, which increases the demand for this type of property.
andbull; Separate water meters, electricity bills, gas meters and phone lines.

Comprising 2 sources of Accommodation and Income.
Unit 1: 3 Bed, 2 Bath, 1 Car Accommodation.
Unit 2: 2 Bed, 1 Bath, 1 Car Accommodation.

Expected Rent
$290-$320 for Unit 1
$250-$270 for Unit 2

Location, Location, Location
The Albury/Wodonga region is the fastest growing regional centre in Australia, recognised as a strategic hub positioned perfectly between Australia’s two largest cities being Melbourne and Sydney, more than 75% per cent of Australia’s population can be reached by next day transport. Albury/Wodonga has average 8.06% capital growth over the last 36 years according to statistics from Fisher Murphy Valuers. Residex recent regional property statistics forecast Wodonga’s property prices will grow by 4% p.a over the next 5 years, this is the 2nd highest in the state. Albury/Wodonga is the 2nd most affordable place in Australia to live according to the Demographia International Housing Affordability Survey, current rental vacancy rate is only 1-2%, this is one of the lowest vacancy rates in the country and about a third of the industry average

Amenities within 5km of the estate
andbull; 3quality child care/pre-school options
andbull; 2 quality primary schools (1 x public, 1 x private)
andbull; 2 quality secondary schools (1 x public, 1 x private)
andbull; Lavington Square Shopping Centre (57 specialty retailers and 3 majors (Woolworths, Big W and Aldi)
andbull; Lavington Sports Ground (capacity of 20,000 with TV broadcast quality night lighting)
andbull; Lavington Panthers Sports Club (Bingo, Pokies, meals etc)

Special Features Include:
andbull; 5 Bedrooms with B.I.R’S
andbull; Ensuite to Master Bedrooms with W.I.R
andbull; Open plan Family/Dining/Kitchen
andbull; Seperate Media Room
andbull; Covered outdoor entertaining areas
andbull; Modern Kitchen with Breakfast Bar

Deposit:
A $1000 holding deposit is required to secure the property, the balance of 10% of the land value is due when your loan has been formally approved.

Act Quick This Will Not Last

Dual Occupancy House and Land in the Albury Municipality are highly sought after.

For more information or details please contact the agent

* Disclaimer – Photos shown are indicative. For individual floor plans, and specific photos please contact the listing agent.