Only $70k more that the normal house price. But has more features like extra bathroom, extra kitchen, appliances, submeters and a separating firewall.
Based on insights from local property managers, there is huge demand for affordable 1 bed + kitchen + living units from tenants but there is no solution in the market. The new design will bring that offering to the demographic of single professionals, single mother, young couples etc.
Exterior of the house looks like a normal family home
Separate Smaller dwelling is attractive proposition for professionals working from home to separate the personal life and professional life.
Lastly, it's also a perfect product for families living with young adult, teenagers or older parents to live together, yet separately.
What 8% yield in a capital city could do to your life?
Here is a little projection of just 1 high yield Dual Occupancy worth $660k in Perth.
Imagine you bought 4 of such in your portfolio.
Just having 4 of these could produce passive income of $648k per year by 2058. Valued at $20 million. Cumulative return of 27 million.
And that's based on very conservative growth assumption of 5% per year.
Choose wisely. Not emotionally.
Understand the power of compounding, inflation and cashflow.