NSW State Government Laws defines a dual occupancy as, “two dwellings on one title, either attached or detached”. A dual occupancy is different to having a secondary dwelling or granny flat situated at the back of a property. Attached dual occupancy means 2 dwellings on one lot of land that are attached to each other, but does not include a secondary dwelling. Detached dual occupancy means 2 detached dwellings on one lot of land, but does not include a secondary dwelling.
An example of dual occupancy is a duplex. At we Build Australia we have the right guys for the job if building a duplex is something you’re considering. We have a team of expert dual occupancy builders who will be able to guide you throughout the process from council approvals right through to the final product.
Why should you consider a dual occupancy?
If your property is located in an R2, R3, R4 or B1 zoned area, councils will allow you to build a dual occupancy on your land. If you currently have a knock-down rebuild and want to build two new dwellings, or want to build a new dwelling behind an existing one or two new dwellings on a vacant block of land you won’t go wrong with a duplex. Dual occupancy home designs are becoming increasingly popular among homeowners who want to maximise their income, downsize their current home or increase the value of their property. There are many benefits to having a dual occupancy such as:
- Increasing value of the property – with building a duplex, for example, there is potential to increase your property up to 40% and if a Dual Occupancy Subdivision can be achieved there is potential for properties to double in value.
- An additional source of income – supplementary to regular salaries, the rental income of a 4-bedroom duplex in some suburbs of Sydney can mean up to $1400 in rent per week.
- Minimise risk – risks will decrease with dual occupancy because if there are two properties, the risk of both being vacant is low.
- Reduce the cost of development – this can be achieved by selling one side of the dual occupancy.
- Affordability – duplexes are a great way to start off with and save money. If you can’t afford to buy a luxury home right away, duplexes are great to set you up financially to upgrade in the future.
- Freedom – with a duplex you have the choice to either, rent or sell both sides, or live in one and rent or sell the other side.
While there are some really good benefits to building a duplex, time is something to factor in. When going to council for approval it’s important to allow for a 3-6 month process before you get the green light to begin building. There are other alternatives such as CDC (private certifiers) which may require less time from the design process to the building process, but can also be quite costly. No matter which avenue you choose, We Build Australia we will manage this operation for you and ensure that you are equipped and well aware of all processes involved.