Greater investor returns, crucial supply – so why is dual occupancy housing so scarce?
Homes purpose-built to hold a multigenerational household can lift overall property values by up to 20 per cent and add around a third extra to an investment property’s rental income, but they remain scarce.
The supply of housing that caters well for multi-generational and multiple tenants is in short supply, despite the need and investor returns. (Image source: Shutterstock.com)
Dual occupancy detached housing provides two separate residences on the same titled allotment. A main residence and an ancillary dwelling are supplied, in which the ancillary or secondary dwelling is smaller than the main residence.
Typically, up to five bedrooms and between two and three cars (on site) are permitted in a dual occupancy detached house, with the ancillary dwelling having one or two bedrooms.
While they should, in my mind, be the…
