The duplex or dualoccupancy is back in vogue. It is now one of the most preferred options for real estate investors and some of the most astute home buyers in Australia who are want to maximize on the value.
The appeal of the duplex or dual oc is further helped by the fact that land is a limited resource in bigger cities and something’s gotta give. And what gives are the large single-family homes that are being knocked down to pave the way for duplex or dual occupancy dwellings. The advantages of these dual occupancy houses are numerous. The houses sit by side (with a common) wall and make the most of fast dwindling lots. Duplex developments also lend credence to the government drive for increased housing density to ensure optimal resource utilization.
The Cost Factor
Apart from the scarcity of land, the cost of homeownership is rising fast across Australian towns and cities. Australian cities such as Sydney are ranked as some of the most expensive ones in the world to own a home in. The duplex development provides one of the most practical options through which you can make the numbers work for you.
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