There are big financial gains from multi-dwelling living

Posted On Oct 6 2020 by

first_img25 Hubert St South TownsvlleFROM granny flats to subdivided home, multi-dwelling living may the answer to help cover mortgage repayments and other property related costs.Whether you’re a savvy investor or first homebuyer, your next property purchase could help you maximise your income — that is, if you’re willing to think outside the box.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:15Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:15 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenProperty Investment Explained01:15According to McGrath Estate Agents Principal Brad Matheson, properties that offered multiple rental returns were gold mines for savvy investors.25 Hubert St, South Townsville“We all know that there are certain costs that come with owning a home so if you could part lease your property, the income could easily pay your mortgage,” he said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“I currently have three properties on the market that fit these criteria, including 25 Hubert St, South Townsville which is a big Queenslander with two separate self-contained apartments underneath.“People like the idea of being able to have a three-bedroom house and being able to pay the mortgage with the rental income from the two properties underneath.“The current owners are receiving $220 and $230 per week downstairs and it is estimated that the upstairs house would receive $370 if it was to be rented out as well.”19 Cook St, North Ward19 Cook St in North Ward is equally enticing for investors with the house subdivided into two apartments, both of which are currently rented at $350 per week.Alternatively, 5 Collins St in Aitkenvale may just be what you’re after with the duplex currently leased for $220 per week, per unit.5 Collins St, Aitkenvale“The great think about these homes is that you could easily live in one of the units and rent out the rest, letting someone else pay your mortgage,” Mr Matheson said.“All three properties are also in popular locations which will help find good tenants in the future.”last_img read more