A dual key property is two fully self-contained dwellings built on a single title. Two front doors. Two kitchens. Two sets of tenants. One mortgage.
Each dwelling operates independently — separate lease, separate income, separate tenant. If one dwelling is temporarily vacant the other continues generating rental income. This structure provides inherent resilience that a standard single-tenancy property cannot match.
In Melbourne’s current rental market — where vacancy is near record lows and rental demand consistently outpaces supply — dual key properties in established Metropolitan suburbs deliver 7 to 9 percent annually.
That is almost double what a standard Melbourne rental delivers. From a single asset.
Not all dual key properties are equal. The yield and security of a dual key investment depends almost entirely on where it is built.
Dual key properties in greenfield estates and outer suburban growth corridors face a structural problem. These areas have abundant land supply, which means new competing rentals are constantly entering the market. Capital growth in these areas historically underperforms established Metro. Tenant demand is thinner because infrastructure — transport, services, employment — is less developed.
House Hunters Hub dual key properties are built exclusively in established Melbourne Metropolitan areas.
Our developer partners purchase existing properties on large blocks, subdivide the land, and deliver a knock-down rebuild of two high-performance dwellings. These suburbs have no vacant land, proven rental demand and capital growth that tracks the established Melbourne market.
This is also why we can guarantee 100 percent occupancy before your first repayment. We would not make that guarantee if the locations did not support it.
You pay 10 percent deposit to secure your dual key investment.
The balance is paid on completion of construction.
You make no loan repayments until both dwellings are tenanted.
Both. Not one. Both.
This is the most straightforward protection available to a Melbourne property investor. Your repayments do not begin until your investment is working.
7 to 9 percent annually
Two independent leases on one title
10 percent under the 1090 program
After 100% occupancy — both dwellings tenanted
Established Melbourne Metropolitan areas only
Knock-down rebuild on subdivided Metro land
Yes
Very low — provider-first model, Metro location
In line with established Melbourne Metro market