Australia's top dual occupancy hotspots revealed as investors chase higher returns
From Sydney and Brisbane to Perth and Adelaide, investors are increasingly targeting dual occupancy hotspots as rising land values, rental demand and housing shortages create new opportunities for wealth creation.
New South Wales currently leads the country in granny flat development, particularly in Sydney where affordability pressures have forced people to find smarter ways to use land. (Image source: PhotoMavenStock/Shutterstock.com)
One of the time honoured ways to make money in real estate is to turn your average house in the suburbs into a dual occupancy.
It could also be one of the answers to Australia’s supply problem, unlocking up to a million new homes. That would require just one in four standalone dwellings in major cities to be developed into dual occupancies, according to a report by the Committee for Economic Development of Australia (CEDA).
But there are lots o…
