Our dual key home strategy allows you to live in one side while renting out the other, creating smart rental income from day one.
The Product: Dual Key Homes for First Home Buyers
Our new dual key homes for first home buyers in Perth offers:
Main home: 3 bed / 2 bath
Secondary unit: 1 bed / 1 bath
Full turnkey package: $850,000
The Smart Structure
Borrowings to live in your property is what we call bad debt as it gives you more expenses rather than generating cash flow. A property that’s fully paid by tenants is good debt.
This dual key strategy sits somewhere in between. You live in one part and rent out the other, meaning the income generated helps you but, it’s not enough to pay for the investment. Therefore, you should structure your loan to pay it down faster.
Here’s the correct financial structure:
Rent from the smaller unit is paid directly into your mortgage offset account
You pay the same monthly amount as a standard loan
You save $400,000+ in interest and cut your term down to around 16 years instead of 30
Source: Easiloans Mortgage Calculator
Why This Matters
This structure makes your home work for you:
Rental income from day one
Shorter mortgage term
Lower total interest costs
First Home Buyers Grant eligibility
Take the Next Step
Want to see how this could work for you?
Contact us today to learn more about securing your first home buyers grant dual key home before packages sell out.
Written by Asle Kommedal
Topstone Property Invest
