Dual Income Potential!

All investors seek to purchase a property that will see a good return from their investment but what if could you improve your investment?

By Philip Habib

01-09-2017 All investors seek to purchase a property that will see a good return from their investment. This may be investing in an area with good growth, good schools close to transport or shopping centers and with good rental returns. You might try to purchase a property that has the potential for development or rezoning. Essentially, the goal is to have someone else (tenants) paying off as much of the mortgage as possible so you don’t have to cover the full repayment. But what if you could pay less, nothing at all or even be positively geared? Well depending on the zoning of your property, the size of your block and council restrictions you may have the option to build a secondary dwelling on your property. Granny flats, as they’re more commonly known, are becoming an increasingly popular avenue for investors to bolster both their rental returns and increase the value of their investment. Many building companies now offer a broad range of secondary dwellings which can either be attached or detached from the main residence. If you would like to discuss if your property has dual income potential then contact our Business Development Manager Philip Habib on 0435 864 882.