Investing in property can be a powerful way to build wealth, but choosing the right type of property is crucial. Should you go for a single dwelling, dual living, or a duplex? The answer depends on your individual goals, financial situation, and risk tolerance.
Understanding the Options
- Single Dwelling: A standalone house on its own block of land.
- Pros: Typically lower purchase price, easier to manage, strong potential for capital growth.
- Cons: May generate lower rental income compared to other options.
- Dual Living: A property with two separate living spaces within the same dwelling (e.g., a main house with a granny flat).
- Pros: Potential for higher rental income, tax benefits through depreciation of both dwellings, may offer greater cash flow.
- Cons: Higher purchase price, can be more complex to manage, potential challenges with tenant selection.
- Duplex: Two separate dwellings on the same block of land, often with individual titles.
- Pros: Similar benefits to dual living, plus the flexibility to sell one unit while retaining the other.
- Cons: Higher purchase price, may require more extensive renovations or maintenance.
Key Factors To Consider
Making the Right Choice
Consider your:
- Financial goals: Are you primarily seeking capital growth or cash flow?
- Risk tolerance: Are you comfortable with the potential challenges of
managing multiple tenants? - Management capabilities: Do you have the time and resources to manage the
property yourself, or will you need a property manager? - Local market conditions: Research the demand for different property types in
your area.
Disclaimer: This article is for informational and educational purposes only and should not be taken as financial advice. Please consult a qualified financial advisor for guidance tailored to your specific circumstances.
Need Help?
Choosing the right investment property is a significant
decision. We’re here to help you navigate the options and make informed choices.
1.Explore our designs:
2.Book a free 15-minute Discovery call with us and learn about how to choose the right investment property design in the right location on the right block to maximise your investment with our 24 -point criteria.
In your call, we’ll discuss:
- Your 2025 Financial Goals: What do you want to achieve this year? Wahast you are capable of doing, Save for a down payment? Increase your income?
- Your Current Financial Situation: We’ll analyze your income, expenses, and existing investments.
- Your Investment Preferences: We’ll explore your risk tolerance, preferred property types, and desired investment timeframe.
- How Haverton Homes Can Help: We’ll outline our personalized strategies and how we can guide you toward achieving your 2025 financial goals
Hear what our customers are saying
Dom and Candy
”We were initially apprehensive first-time investors, but the Haverton Homes team took the time to understand our needs and presented us with a variety of options. Their expertise and guidance were invaluable, and they made the entire process seamless and stress-free. We’re extremely happy with our new property and the after-sales service provided.” Rating: 10/10
Arvind & Prajwala
Geoff and his team at Haverton Homes were absolutely fantastic. They made the entire building process stress-free and enjoyable starting with an incredible discovery call. We’re thrilled with our beautiful new dual-living house and the positive cash flow it’s generating.” Rating: 10/10
Jody
“I would absolutely recommend Jeff and the company for project management. They took the stress away from the process, as I didn’t know much about building. The discovery call and educational process was incredible. Everything Geoff promised was delivered. I would absolutely recommend Goeff and the Haverton team to any of my friends, which I’ve already done.” Rating :10/10