Affinity Property - Duplex web page

Want to learn more about Queensland duplex properties? See our powerpoint to find out all the things you need to know.

Transcript

1. WELCOME To the first step in the right direction!
2. WHY ARE WE HERE TONIGHT? At the conclusion of this presentation, you will: 1.Understand what is a duplex 2.Know key tips for selling duplex properties 3.Know key tips for buying duplex properties 4.Know the key tips for leasing duplex properties
3. YOUR INDUSTRY EXPERT SPEAKERS
4. SEAN MCCREANOR • Managing Director of Affinity Property Australia • Bachelor of Commerce (UQ) • Licensed Principal & Real Estate Agent • REIQ Accredited Licensed Company Director • Past secretary & treasurer of UDIA Moreton Bay Branch • Over 20 years experience in property, consulting and accounting sectors
5. ABOUT DUPLEXES • Duplexes in Australia refer to property that comes divided in two, usually separated by a common wall. • Also called “dual key property” or a “maisonette” in states like NSW or South Australia respectively • Are growing in popularity with a steady increase in construction over the past few years
6. PROS AND CONS OF BUYING DUPLEX PROPERTY Pros • You get the benefit of an apartment (smaller space, less maintenance) while also owning land which will appreciate in value quicker than an apartment • Good introduction into the property market • Removes the need for a body corporate • Growing in popularity Cons • Less privacy for you if you choose to be an owner-occupier • Potential for higher maintenance costs as it is effectively two homes in one • An abundance of duplexes in an area may lower the value of the property as an investment
7. SELLING A DUPLEX Pros • Can either be sold together or separately • Has wide range of appeal to older singles, young families and other potential buyers  Lots of potential buyers Cons • If you own only one side of a strata title, can be difficult to do the external work on property necessary to increase the selling price
8. LEASING OUT YOUR DUPLEX Pros • Two rental incomes on one property if you rent both sides out • Alternatively, you can live in one side of the duplex and rent out the other Cons • Less privacy for you if you decide to live on one side of duplex while renting out the other half
9. FOR MORE INFORMATION Check out the link: https://affinityproperty.net.au/5-expert-tips-to-improve-your- investment-return-when-buying-selling-or-leasing-a-duplex/
10. THANK-YOU FOR COMING! We hope to see you again soon.