{"id":12171,"date":"2017-06-08T13:00:59","date_gmt":"2017-06-08T03:00:59","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=12171"},"modified":"2017-06-08T13:00:59","modified_gmt":"2017-06-08T03:00:59","slug":"developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/","title":{"rendered":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE?"},"content":{"rendered":"<p>Duplex development is all the rage at the moment, and for good reason. Turning a single block into two homes can earn impressive instant capital and virtually double your rental return.<br \/>\nThe question is: where do you start? <b>Pauline Hatch <\/b>reports\u2026<br \/>\n<b>DEVELOPING A <\/b>duplex is a far more complex endeavour than popping some tenants into a run-of-the-mill property. But as you\u2019ll see, preparation and risk management will make the process far less daunting. And for all that hard work, the rewards can be significant.<br \/>\nHere, we\u2019ll take you step by step through a duplex development process, from a budding idea to the way you hold the keys in your hands.<br \/>\n<b>STEP 1: Why should you develop?<\/b><br \/>\nInitially, you should stay on the starting block until you decide whether it\u2019s feasible for you to undertake a development at all. Ask yourself what you will do with your duplex once it\u2019s complete. This is a foundation step that will determine your borrowing power and the feasibility of the project.<br \/>\nYour options are as follows:<\/p>\n<ul>\n<li><b>Rent out both units<\/b><\/li>\n<li><b>Sell both<\/b><\/li>\n<li><b>Sell one; rent the other<\/b><\/li>\n<li><b>Sell or rent one; live in the other<br \/>\n<\/b><\/li>\n<\/ul>\n<p>\u201cDuplexes are a sophisticated way of building growth into the property, rather than waiting years to see it,\u201d says Lloyd Edge, director of Aus Property Professionals.<br \/>\n\u201cOn completion of the build, whether it\u2019s six, eight or 12 months, you can then take some equity out of that property and go and buy another property immediately.\u201d<br \/>\nIf you\u2019re after cash flow, a duplex provides a dual income for the cost of a single piece of land.<br \/>\nAs an example, a three-bedroom home in Palm Beach on Queensland\u2019s Gold Coast currently rents for $650 per week.<br \/>\nFour streets away, a three-bedroom duplex earns $550 per unit. That\u2019s $1,100 per week combined \u2013 $450 more than the standalone home.<br \/>\n<b>STEP 2: Is it financially safe?<\/b><br \/>\nOnce you\u2019ve settled on a strategy, you need to know if you can afford to do it.<br \/>\nAccording to Andrew Fawell, CEO of Beller Group, finances can be an area where would-be developers can easily come unstuck.<br \/>\n\u201cThe financing arrangement for developing is completely different to buying a standard investment property. There\u2019s a lot more risk, and a lot of extra costs and potential problems,\u201d he says.<br \/>\nFawell says an experienced financier who deals with development loans every day will be able to provide a worst-case scenario to minimise your risk. \u201cA lot can happen while you\u2019re waiting for approval,\u201d says Fawell. \u201cPrices can change, rents can change, and banks can change their criteria. You need to have realistic expectations of the feasibility of the project.\u201d<br \/>\n<i>\u201cThe financing arrangement for developing is completely different\u2026<\/i><br \/>\n<i>There\u2019s a lot more risk\u201d<\/i><br \/>\nA qualified development mortgage broker will be able to determine the best structure for your loan to maximise your tax benefits, calculate any GST payable and account for associated costs.<br \/>\nAnd there are plenty of those. Beyond land and construction costs, there are also legal fees, council fees, architects\u2019 and town planner fees; headworks costs, soil reports, permits, and interest payments \u2013 to name just a few.<br \/>\nFawell explains that lenders are wary of development loans and will need to know you can make a 20% profit on the deal before they\u2019ll sign you up. Lenders will also factor in a buffer to protect themselves \u2013 and you\u2019d be wise to add your own contingency plan into your finances as well.<br \/>\nIf your finances are looking promising, it\u2019s time to start hunting for a location that fits your borrowing budget.<br \/>\n<b>STEP 3: Lock in a location<\/b><br \/>\nFinding a good spot on the map for your development is familiar territory in lots of ways. Essentially you\u2019re looking for the pillars of growth that underpin any great investment property. These include proximity to major employment hubs and cities, strong infrastructure, population growth, rental demand, and local schools, shopping centres and entertainment facilities.<br \/>\nBut there\u2019s an added layer of complexity, Edge says. He suggests looking for flat blocks to keep costs down, and diligently checking the zoning of the lots. That includes any future rezoning plans as well. Council regulations vary, so it\u2019s important to check each and every time \u2013 even if two lots are only a couple of streets apart.<\/p>\n<p style=\"text-align: center\"><b><a href=\"https:\/\/i0.wp.com\/realestatetalk.com.au.s3.amazonaws.com\/wp-content\/uploads\/2017\/06\/image-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12176 aligncenter\" alt=\"image 1\" src=\"https:\/\/i0.wp.com\/realestatetalk.com.au.s3.amazonaws.com\/wp-content\/uploads\/2017\/06\/image-1.png?resize=684%2C325\" width=\"684\" height=\"325\" \/><\/a><\/b><\/p>\n<p style=\"text-align: left\"><b>STEP 4: Do a feasibility study<\/b><\/p>\n<p>A feasibility study might seem tedious, but it\u2019s the crucial step that determines whether you\u2019ll earn big bucks or end up in hot water. It takes into account all the costs involved, from land purchase through to completion of the build, and selling fees and taxes. When calculated against the expected sale price, you\u2019ll see if the project is feasible, and worth doing for the profit.<br \/>\n\u201cTo plug in all the figures, you\u2019ll need to get quotes from builders, who can give you an estimate of the build based on a survey plan, and then contact the local council for all the associated costs like<br \/>\nrates and water,\u201d Edge says. Your finance broker will be able to help you with professional service costs like those of lawyers and quantity surveyors.<br \/>\nIf the numbers prove that: <b>the area meets your strategy in terms of expected capital growth or yield;<\/b> <b>the land meets development zoning regulations; duplexes are selling and renting well in the suburb; it\u2019s within your borrowing power, including contingency funds; the market is unlikely to experience a significant downward change during the course of the build; <\/b>then it\u2019s time to go back to your broker and finalise your development loan.<br \/>\n<i>\u201cNever let things go on, because you need to make sure it stays on track so it\u2019s completed on time\u201d<\/i><br \/>\n<b>STEP 5: Find a reliable builder<\/b><br \/>\nPaul Bieg, company director of Duplex Invest, says it pays to shop around and look beyond the major builders. \u201cThe bigger builders have their fancy display homes and generally have a very good reputation, but you might pay 10\u201320% extra for that safety net,\u201d says Bieg.<br \/>\n\u201cThere are other builders that you might not have heard of, who actually often work as subcontractors for the big companies, who don\u2019t have all the bells and whistles but will come in better for your budget.\u201d<br \/>\nBieg says the best way to gauge a good builder is to ask to see some of their current projects.<br \/>\n\u201cIf they come back and say they don&#8217;t have any clients that are prepared to talk to you, don\u2019t touch them,\u201d he says. He also suggests using property forums and online searches for reviews. Building companies generally have their own in-house architect or draftsperson who can draw up a design<br \/>\nfor your block, or you can source your own architect.<br \/>\nHave your architect double-check the zoning laws, setback allowances and any other block-specific factors like retaining walls with the local council or town planner before they draw up the plans.<br \/>\n\u201cNever assume that your builder or draftsperson knows the details of what\u2019s permitted on your particular block. It changes all the time,\u201d Bieg says.<br \/>\nBuilding companies can also take care of the demolition of an existing property, as well as all the landscaping, so that you get a turnkey-ready duplex on the one contract. Bieg suggests having a professional go over your construction contract before you sign it, even though it will cost a little extra. \u201cEven a fixed-price contract can have some fine print saying that it\u2019s subject to finding rock, or adequate facilities being connected.\u201d<br \/>\nHe also recommends ensuring a completion date is included in the contract and that the builders have accounted for potential delays, like weather or employee shortages.<br \/>\n<b>STEP 6: Submit a development application<\/b><br \/>\nOnce you have your finances sorted, your builder locked in and your floor plans in hand, you can submit your development application to the local council for approval. At this point, vigilance is key. If the council discovers a problem with your application, they\u2019ll send it back immediately. The more issues you have, the longer your approval will take, which can be costly.<br \/>\nTo stay out of trouble, Bieg suggests using a planner or certifier to put the development application together. \u201cIt might add an extra $2,000\u2013$5,000 to the project, but it could save you time and money by avoiding all the delays,\u201d he explains. Even if all goes well with the application, councils can take several months to give their stamp of approval.<br \/>\n<b>STEP 7: Begin construction<\/b><br \/>\nThe day the builder breaks ground is an exciting one. Buildings are constructed in stages, with payment occurring after completion and approval of each stage.<br \/>\nAs a guide, Consumer Affairs Victoria says building phases follow this outline:<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/i0.wp.com\/realestatetalk.com.au.s3.amazonaws.com\/wp-content\/uploads\/2017\/06\/image-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-12172 aligncenter\" alt=\"image 2\" src=\"https:\/\/i0.wp.com\/realestatetalk.com.au.s3.amazonaws.com\/wp-content\/uploads\/2017\/06\/image-2-300x265.png?resize=300%2C265\" width=\"300\" height=\"265\" \/><\/a><\/p>\n<p>A straightforward build like a duplex probably doesn\u2019t warrant a project manager, Bieg says. \u201cYour average investor can manage it themselves simply by going out there once a week and having a look around and keeping an eye on the contract.\u201d<br \/>\nHowever, if the timeframe for completion of the next stage is blowing out, he says it\u2019s time to ask some questions. \u201cNever let things go on, because you need to make sure it stays on track so it\u2019s completed on time.\u201d<br \/>\n<b>STEP 8: Handover and defect checks<\/b><br \/>\nEven more exciting than the first day of construction is the day the keys are handed over. But the work doesn\u2019t end there. A building inspector must carry out a full inspection and identify any issues<br \/>\nor potential problems. The builder must resolve all the defects before the final payment is made. Once the build is finished to your satisfaction and meets the terms of the contract, a building inspector will draw up a certificate of completion or occupancy permit.<br \/>\nBuilders offer a maintenance period after handover \u2013 generally around four months \u2013 to fix any further problems that pop up. \u201cEven if it&#8217;s something small, like the grout around the bath looking a<br \/>\nbit poor, submit it to the builder in a report,\u201d says Bieg. \u201cIf the builder gives you hassles, go to the relevant body in your state or territory, or the Master Builders Association.\u201d<br \/>\n<b>STEP 9: Fulfil your strategy<\/b><br \/>\nAlong the journey, employ the services of a reputable local agent to handle the marketing of your new dwellings. They\u2019ll be able to help presell the units if that\u2019s part of your strategy, have them ready for sale upon completion, or have tenants lined up to move in. And if you\u2019re like most successful developers, you\u2019ll be chasing the next promising project before the ink has even had a chance to dry.<br \/>\n<b>THE BIG RISKS AND THEIR SOLUTIONS<\/b><br \/>\nDevelopments can be full of uncertainty, and very few go without a hitch. So what should you do if things don\u2019t go as planned?<br \/>\n<b>Development application <\/b><b>rejected. <\/b><br \/>\nDepending on the issue, go back to the architect or town planner to find a workable solution. Limit errors by hiring a planner or certifier to compile your application for you.<br \/>\n<b>A blowout of building costs. <\/b><br \/>\nSelect a turnkey-ready, fixed-price contract so you know exactly what you\u2019re paying for the whole build. Before you sign, check that the contract covers events like the removal of underground rock, so you\u2019re not footing an unexpected bill.<br \/>\n<b>The builder goes belly-up.<\/b><br \/>\nYour builder will have taken out domestic building insurance that will cover you if they go bust. Make sure to only choose reputable builders who can show you examples of their completed work, and have a solicitor check the contract.<br \/>\n<b>The market changes before the build is complete. <\/b><br \/>\nIf the value of the dwellings drops during construction, you\u2019ll have to consult your mortgage broker and financial advisor to work out a solution. It might mean changing your strategy, such as renting out the property rather than selling. Due diligence and a contingency plan can avoid such circumstances.<br \/>\n&nbsp;<br \/>\n<b>HOW TO KNOW IF THE LOCATION IS RIGHT<\/b><br \/>\n<b>Look for flat blocks.<\/b><br \/>\n\u201cSloping blocks are a lot more expensive because there&#8217;s more site works, retaining walls and things like that, that cost money and take a lot of time,\u201d says Lloyd Edge of Aus Property Professionals.<br \/>\n<b>Check zoning. <\/b>\u201cI\u2019ve seen people buy a block of land and think they&#8217;ll build a duplex on there, and then find out after the fact that it isn\u2019t zoned for development,\u201d says Edge.<br \/>\n\u201cYou\u2019ve got to do your due diligence; check with council, check with the vendor, and ask real estate agents a lot of questions.\u201d<br \/>\n<b>Is it the right size? <\/b>\u201cCouncil requirements differ. Some may have to be a minimum of 600sqm to build a duplex, and in the next council area it\u2019s only 500sqm,\u201d Edge explains. \u201cIf you\u2019re unsure, seek advice from a development company.\u201d<br \/>\n<b>Is it the right price? <\/b>If the lot doesn\u2019t fit within your budget, move on. The more you spend, the higher your financial risk.<\/p>\n<p style=\"text-align: left\">For more articles like this, visit <a href=\"http:\/\/www.yourinvestmentpropertymag.com.au\/\">www.yourinvestmentpropertymag.com.au<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duplex development is all the rage at the moment, and for good reason. Turning a single block into two homes can earn impressive instant capital and virtually double your rental return. The question is: where do you start? Pauline Hatch reports\u2026 DEVELOPING A duplex is&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":12178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,35,31],"tags":[70],"class_list":["post-12171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-property-development-topic","category-your-investment-property","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Duplex development is all the rage at the moment, and for good reason. Turning a single block into two homes can earn impressive instant capital and virtually double your rental return. The question is: where do you start? Pauline Hatch reports\u2026 DEVELOPING A duplex is...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-08T03:00:59+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE?\",\"datePublished\":\"2017-06-08T03:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/\"},\"wordCount\":2172,\"commentCount\":1,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Featured\"],\"articleSection\":[\"Latest Stories\",\"Property Development\",\"Your Investment Property\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/\",\"name\":\"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-06-08T03:00:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/","og_locale":"en_US","og_type":"article","og_title":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk","og_description":"Duplex development is all the rage at the moment, and for good reason. Turning a single block into two homes can earn impressive instant capital and virtually double your rental return. The question is: where do you start? Pauline Hatch reports\u2026 DEVELOPING A duplex is...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/","og_site_name":"Realty Talk","article_published_time":"2017-06-08T03:00:59+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE?","datePublished":"2017-06-08T03:00:59+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/"},"wordCount":2172,"commentCount":1,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#primaryimage"},"thumbnailUrl":"","keywords":["Featured"],"articleSection":["Latest Stories","Property Development","Your Investment Property"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/","name":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE? - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-06-08T03:00:59+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/developing-a-duplex-two-houses-two-rents-two-sales-too-good-to-be-true\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"DEVELOPING A DUPLEX: TWO HOUSES, TWO RENTS, TWO SALES: TOO GOOD TO BE TRUE?"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/12171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=12171"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/12171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=12171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=12171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=12171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}