We have had a common theme in our property listings lately, and that is a high proportion of them have been dual-living properties. This certainly got us thinking about the increase in demand for this style of home, as buyers have flocked to these properties in their droves.
Gone are the days when the kids are booted out the door the moment they finish school. They’re staying home for longer — and the grandparents are moving in too. With this trend, there is still a desire for a certain level of separation, and this is where the dual-living property offers the perfect solution.
Online search habits have uncovered a growing desire for houses suited to dual living, as multiple generations begin to live under the one roof. Realestate.com.au data has revealed Queensland’s top keyword search terms for browsing houses online, with variants of searches relating to dual living appearing multiple times in the list.
Right now we are selling two absolute dream dual-living properties in Shailer Park – 51A Dane Court & 28-30 Barradale Court. These homes share a common bond in that they are both large family homes, whose owners found the need to build a separate additional dwelling for elderly parents. In so doing, they substantially increased the value of these properties which are both on the market in the Million plus price range & have attracted plenty of attention. Whilst initially built to accommodate family, the second dwellings were used for a variety of purposes over the years. Most recently, both have rented out for excellent rental returns to non-family related tenants.
Another recent example of a popular dual-living property is 7 Barrack Street in Loganholme. This property was marketed in the Mid $500 range and has the ability to live completely separately on each level of this former standard two-story property. The lower level was built-in, a kitchen added & hey presto – you have a dual-living set-up that attracted huge interest. This style of set-up also peaks the attention of investors as the rental income increases substantially with two families being able to share the one residence.
We expect the rise in the popularity of dual-living properties to not disappear any time soon. Many people want to live as extended family, they want to care for elderly parents or have their Millennials living at home. Some want the rental income and some want to ease the burdon of increasing housing costs. Whichever the situation, dual-living properties are an ideal solution to families changing needs over time