Dual Occupancy [Duplex] by AuArchitecture.com.au

Duplex style Dual Occupancy can add value to your property in Melbourne.

All Councils are not as supportive of Duplex type developments especially those in the mid to outer ring suburbs of Melbourne. Some Councils have minimum width for frontages while others restrict number of crossovers. Need help with your dual occupancy? Ask www.auarchitecture.com.au
What is a dual occupancy?

A dual occupancy occurs when your local Victorian Council approves a Town Planning Application for two dwellings to occupy one lot of land. A dual occupancy is profitable when a property subdivision occurs and when that one block of land is subdivided to create two or more separate blocks with each lot having its own title. It is the dual occupancy subdivision which releases equity. Some Councils may have minimum lot sizes.

What are the benefits of a dual occupancy?

A dual occupancy can be one house behind another- often called a tandem dual occ- or one beside another-a duplex style dual occupancy- or one above the other or if facing a wide street frontage detached houses with the same street frontage. If the existing home is worth keeping try and save it rather than demolish only to replace one house with another. Banks like the retention as it provides more security to the lender.

A dual occupancy provides two rental incomes or a dual occ subdivided lot can be sold to cash in on some equity or you can build the dual occ and move into a new home. If you sell the backyard you still continue living in the home you got accustomed to. If moving into the new dual occupancy in the backyard there are tax benefits you should discuss with an accountant. If you rent the new house there may be depreciation benefits which can be substantial. The benefits are strong.