Common Terminology FAQ

Full Turnkey: Means you ‘turn the key’ then live or rent the home. Ie, all the internals are done (call inclusions)

Dual Key: Means secondary dwelling. It means two distinct and separated living areas. You could rent both, live in one, rent the other etc

House and Land Package: Generally a builder or developer with rights to a large number of lots. DA may not be done. House and land packages are cheaper, because you have the holding cost while in build

Standard Inclusions: What is included in a ‘house’ package

Rental Estimate: Generally done by a local agent – to help investors know what they can rent a location for

Dual Occupancy/Dual Key house and land packages are popular with investors, where they believe they can ‘find’ a package that will exceed build price once completed. Generally, if this was the strategy, the investor would
1. Immediately have a re-value to increase equity position
2. Rent and use a full depreciation schedule on the inclusions

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