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What is a duplex

Duplex: What is a duplex & are they a smart investment? What does 'duplex' mean? The meaning of a duplex essentially consists of two homes built on a single block where the two residences share a common wall but have separate, independent entranceways. For all practical purposes, each home in a duplex property is an independent entity though they may exist under a single roof. Both units could either share a common land title or have separate titles after subdivision. Image: Twin Falls Hamptons - Lot size 435sqm with 16m width (Bluegem Homes) Why duplexes? Simply put, a duplex is a more affordable way to own a largely independent house, especially in an exclusive neighbourhood or a premium suburb. Given the runaway property prices in major urban areas across Australia, duplex homes like townhouses, make for an excellent investment for new home buyers as well as investors. A duplex delivers almost all the benefits of a detached house at about half the price, m…

House Demolition: How Much Does It Cost?

House Demolition: How Much Does It Cost? Whether you’re knocking down a house to build your dream home or opening up a space by removing a few walls, a demolition can be a daunting task. While you might associate demolitions with wrecking balls swinging to devastating effect or sticks of gelignite scattered liberally around a building- in reality, a successful demolition requires precision, and plenty of consideration and forward planning, especially if you don’t want to topple your budget. To help you through the process, we’ve compiled a list of some of the factors you may want to consider. How much does it cost to demolish a house? The cost of a total demolition depends on a variety of factors and the price range can vary significantly, with the average price being approximately $15,000. Sydney-based Paul’s Rubbish Removal estimates that the average cost of demolishing a house in Sydney can be as low as $10,000 or be as much as $80,000. The c…

What you need to know before building a granny flat

What you need to know before building a granny flat More than half a million homeowners across the eastern seaboard could build a granny flat if they wanted to, a recent CoreLogic report revealed. And there are plenty of reasons to consider it. Your adult children could use it as a pit-stop on the road to independence, enabling them to save a deposit. Your elderly parents could use it as place to age gracefully, without infringing on your privacy. Or you could use it to earn a little extra income, by bringing in some tenants. But before you call in the diggers, here are a few points worth considering. Why do you want to build one? The first step on your granny flat journey is to consider your reasons for building one. The recent CoreLogic report found that building a granny flat could boost your property value and rental income by 30 and 27 per cent respectively. But even so, Wakelin Property Advisory director Jarrod McCabe says choosing to build isn’t a decis…