How does Dual Occupancy work?
First up you’ll need to find a block of land large enough to accommodate more than one dwelling (or have a feasibility study completed on your existing land), in an area that allows DualOcc developments. State and local council regulations differ from area to area, as do the builders of DualOcc homes. For instance, Metricon’s DualOcc designs are currently available in Metro Victoria, New South Wales, Queensland and South Australia. Other considerations are planning overlays, existing vegetation, slope of the land or title restrictions such as single dwelling covenants; these can make the development of some land not possible.
Once you have found the land, you must decide on a suitable DualOcc design. Depending on your location, you may choose to build side-by-side dwellings (duplex) style, or it may be more practical and provide better return on investment to build multiple dwellings, one after the other, down the length of the land.
Typically there are two contracts to purchase a house and land package - one for the land and the second with the builder for the dual dwelling. This is good news as it means that you only have to pay stamp duty on the land contract, which saves you plenty of money.