15 Jan 2022

Understanding Dual Occupancy in Real Estate

Although Australia has several land resources, Melbourne authorities suggested subdividing properties in 1981. They decided it was a great way to maximise public service infrastructure and resources. The practice caught on in other Australian territories. Now it’s normal to find dual occupancy properties. 

Dual occupancy in real estate means two dwellings that live on one title. 

Mortgage House works with investors who remain interested in investing in dual occupancy properties. We also help homebuyers purchase these properties as owner-occupiers. 

Moreover, some individuals opt to live in one unit and rent out the other for a passive income stream. It’s a savvy way to pay off the outstanding mortgage on the property.

Financing this real estate option differs from a single-family home. Nonetheless, a non-bank lender such as Mortgage House finances these dwellings and projects for clients.

Our loan specialists examine the details of the property and its intended use. They will treat an investment project differently from an owner-occupier situation. Investors know that their income depends on finding a tenant. When it remains empty, there is no income. 

For owner-occupiers, we ensure that the home buyer can afford the property. We use our lender ratios to stress test the buyer’s finances. If they pass, the application process moves along. 

You can also try our home loan calculator with no strings attached.

Dual Occupancy Real Estate Conclusion

The concept of dual occupancy got its start in Australia in 1981. When purchasing, renting, and selling real estate, it’s important to understand what property the title covers. It plays a role in the property’s valuation, taxes, and legal status.  

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