A dual key home is two self-contained homes under one roof, on one title. Each has its own front door, kitchen, bathroom, laundry and outdoor area. You own one property, and you can lease it to two separate tenants.
Who it suits
- Investors who want two rents from one purchase. Combined rent can be higher than a single house at a similar price. Check the estimated rent and gross yield on each package.
- Buyers who want to live in one side and lease the other, or give family members their own space.
How it differs from a duplex
- Dual key: one title, one property. You cannot sell the two sides separately.
- Duplex: usually two titles, so each side can be sold on its own. Usually costs more and needs more land.
What to check before buying
- Lending. Some lenders treat dual key differently, so talk to your broker early.
- Council rules and any planning requirements for the lot.
- Insurance that covers two tenancies.
- Rental demand for smaller one and two bedroom homes in the area.
Our dual key package is designed with a fire and sound rated wall between the two homes, separate entries and separate backyards. The exact specifications are listed in the package inclusions.
Common questions
Are the utilities separate?
Check the package inclusions. Each package lists what is supplied to each home.
Can one property manager lease both sides?
Yes. That is common.
