Background
In October 2024, I assisted with the acquisition of a property in Balga, valued at $975,000. This unique property included both a main residence and a fully independent granny flat, providing an excellent dual-income opportunity in an area known for its strong rental demand.
Dual Income Strategy
My client’s investment goal was to maximize rental returns. After a detailed assessment, I recommended leasing both dwellings separately to optimize rental yield. This approach leveraged the property’s layout while attracting tenants looking for quality rentals in a vibrant neighborhood.
Rental Results
Following acquisition, I swiftly secured tenants:
- Main House Rent: $650 per week
- Granny Flat Rent: $560 per week
- Total Weekly Rental Income: $1,210
This structure has generated a combined annual rental income of $62,920, delivering strong cash flow and providing a sustainable return on investment.
Owner Satisfaction
My clients were thrilled with this dual-income result, which provided a robust 6.45% gross rental yield. This outcome demonstrates how a carefully chosen property, combined with effective tenant management, can significantly enhance an investment’s financial performance.
Conclusion
The property showcases the potential of dual-income investments to maximize returns. I guide my clients through every step, from acquisition to tenant placement, ensuring that each property performs to its fullest potential.
