Colin Fragar, our founder and CEO, discusses dual occupancies in NSW.
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Or for those that prefer to read, here is a transcript of the video…
Hi everybody, I’m Colin Fragar of the Council Approval Group.
So, you’re interested in a dual occupancy in New South Wales. I just want to share with you what is a dual occupancy, particularly in New South Wales because there’s a lot of confusion out there. I actually think it’s probably the best investment strategy that I’ve come across, so I want to go into that in-depth.
What is a Dual Occupancy Home?So in New South Wales, a Dual Occupancy can be either attached or detached. It can be an existing house with another one attached to it. You can even have a one that’s separated that you can subdivide, called the dual occupancy subdivision, which is another video.
A dual occupancy can be either attached or detached. It can be an existing house with another one attached to it. You can even have a one that’s separated, that you can subdivide, called the dual occupancy subdivision.
Types of Attached Dual Occupancy HomesI like to draw it out visually because I think it’s important for you to understand. It could be the difference of hundreds of thousands of dollars if you get it right.
Imagine that you’re driving down the street in your car and you pull up at a site. One that is common in NSW, particularly in new suburbs and if somebody has gone to a project home builder, is a side-by-side dual occupancy. To achieve this they’ve done a demolition, they probably pay too much for it (just want to make sure that you’re aware of that), and they’re usually attached.
You can also have an attached Dual Occupancy, which is back-to-back. One which people often forget, and is a great trick which I learned from my father who’s been a town planner for 50 plus years and he’s probably done thousands of these in his life, is where you have two back-to-back dwellings attached by a double carport.
You would retain the existing dwelling on the site and remove the carport to create extra space to extend the driveway. Then you put a double carport at the back attached to a second dwelling. One carport is for the new house and one is for the existing front house. This is an attached dual occupancy because they’re sharing a common wall.
I’m actually doing one of these myself, personally, at the moment. It happens to be on a corner lot and we’re going to be subdividing it afterwards.
I Want to Know MorePlease make sure if you’ve got more questions or you want to learn more about this topic, that you grab your Council Approval Guide, which goes into this in more depth and actually has some good giveaways in there. The magazine also provides access to a video that goes into this topic in-depth for about 10 to 15 minutes.
If you do have a site and you’re ready to go, or maybe you’ve just often thought, “I can get a dual occupancy on my property but I’ve never really had the time to do it,” now might be a great time to do it.
Please book in for a free consultation with one of our council approval consultants and we’ll talk to you then. Thanks for watching.