Hobart, TAS
Dual-occupancy configuration producing two income streams from a single title.
- Purchase price
- $845K
- Valuation uplift
- +$96K
- Gross yield
- 5.4%
- Income
- $875 pw
The brief
A cash-flow-led mandate. The client needed the asset to be self-funding from settlement, with a second income stream to absorb any single vacancy.
Why we bought it
- 01
Two incomes, one title
A self-contained lower level lets the property carry itself even if the primary tenancy is vacant.
- 02
Already compliant
The dual occupancy was approved and certified, avoiding the retrospective approval risk common to this configuration.
- 03
Priced as a single dwelling
The campaign marketed it as a family home, so the second income was not reflected in the guide.
Asset detail
- Land area
- 648 sqm
- Configuration
- 3+1 bed · 2 bath
- Tenancies
- 2, separately metered
- Approval
- Certified dual occupancy
- Combined rent
- $875 pw
- Independent valuation
- $941K
The acquisition
- Step 1Cash-flow model set the minimum acceptable gross yield at 5.2%.
- Step 2Dual-occupancy and secondary-dwelling stock screened across Hobart's inner suburbs.
- Step 3Occupancy certification and separate metering verified prior to offer.
- Step 4Purchased at $845K, inside the single-dwelling guide range.
Outcome
Both tenancies leased within three weeks; the asset has been cash-flow positive from the first month.