- Two homes on one block: A dual occupancy means building two separate dwellings on a single parcel of land.
- Types:
- Attached: Like a duplex, sharing a wall.
- Detached: Two standalone homes, side-by-side or front-and-rear.
- Not a subdivision by default: Both homes can be owned together unless subdivided (which requires council approval).
- Each home is self-contained: Separate kitchens, bathrooms, entrances, and utilities.
Financial Benefits in Victoria
- Rental income: Live in one, rent the other — or rent both for dual income streams.
- Equity growth: Two dwellings can increase the overall property value significantly.
- Sell one, keep one: If subdivided, you can sell one home to reduce debt or reinvest.
- Tax advantages: Potential depreciation claims and deductions (consult a tax advisor).
- Faster mortgage payoff: Rental income can help pay down your loan quicker.
- Super fund potential: Some investors use SMSFs to finance dual occupancy builds.
Example Design on a 600m² Allotment
Assuming council approval and no restrictive overlays:
- Front dwelling:
- 3-bedroom, 2-bathroom home
- Street-facing with driveway and garage
- Rear dwelling:
- 2-bedroom, 1-bathroom unit
- Private access via side driveway
- Compact footprint with courtyard
Key design features:
- Separate entrances and outdoor spaces
- Shared services (e.g. water, sewer) but separate meters
- Compliant setbacks and open space as per VC267 planning code
Please note this information may have been created using AI all information requires your own due diligence and professional advice.