Dual Occupancy SMSF
For Sale Dual Occupancy in Parkside, Warragul VIC
Warragul · VIC · 38204+2Bed
2+1Bath
1+1Car
$989,000
Land 630 m² · House 267 m²
Total Weekly
$1,050
across 2 streams
Total Annual
$54,600
projected gross income
Income Streams
2
House · Unit
Energy Rating
7★
turnkey build
The location
Where it sits.
About this investment
A closer look.
Dual occupancy in Warragul positions you in Australia's fastest-growing peri-urban corridor, where 18.4% population growth since 2021 and sustained infrastructure investment create strong rental demand. Two independent dwellings on a single 500m2 allotment generate diversified income while the 7-star energy rating minimises tenant exposure to rising utility costs.
Key highlights
- ✓Two separate income streams on single 500m2 allotment
- ✓7-star energy rating reduces tenant utility costs significantly
- ✓Separate power, plumbing, garden taps per dwelling
- ✓Class H concrete slab foundation, compliant specifications
- ✓Warragul's 18.4% growth outpaces state and national averages
Why this investment works
Diversified income, single holding cost
Two independent dwellings generate separate rental income streams from one council rate bill, one insurance policy, and one management fee. This structure compresses overhead while protecting you against single-tenant vacancy risk.
Strong rental fundamentals in growth corridor
Warragul's median weekly rent sits at $570 for houses and $410 for units, with rental growth of 8.3% over 12 months. Dual occupancy captures both market segments simultaneously in a suburb growing at 18.4% since 2021.
Infrastructure investment underpins capital growth
Baw Baw Shire is the subject of $3M arterial road planning, $12.5M leisure centre expansion, and targeted development contributions review. Population is projected to grow from 27,296 to 39,096 by 2046, driving sustained demand.
Energy efficiency attracts quality tenants
7-star energy rating reduces tenant operating costs by up to 30% compared to standard builds. In an inflationary environment, this becomes a competitive lease advantage and supports retention of reliable renters.
Property features 95 inclusions
- Foundation up to 'Class H' concrete slab with a maximum of 500mm fall over building envelope
- Allotment up to 500m2 with a maximum setback of 5m to the house
- Supply and hire of temporary fencing to site to council requirements
- Supply and hire of environmental silt fence to front of property as required by council
- Allowance of rock excavation and removal
- All plumbing to meet statutory regulations and standards
- Each dwelling to contain a separate Garden tap
- Separate single phase underground power to each dwelling
- Separate water connection
- Gas connection if required (up to 20m per dwelling)
- Sewer and stormwater connection
- Recycled water connection if required
- Part A & B Termite protection
- Standard 22 degree roof pitch or as nominated on plans
- Metal corrugated roof as standard
- Metal Fascia and gutter
- Metal downpipes as standard
- LED downlights throughout
- 1 x LED flood light to each dwelling with separate flood lights to driveway
- Wall mounted light switches
- Double power points throughout
- Smoke detectors to regulation hardwired with battery backup
- RCD safety switch and circuit breakers to meter box
- TV points to Living rooms and master bedroom
- Data point to Living rooms and master bedroom
- 7 Star Energy rating compliance
- Insulation batts to walls and ceilings to meet energy requirements
- Upgraded window glazing if required to meet energy requirements
- Upgraded hot water system to meet energy requirements
- Wall and truss framing to meet statutory regulations and standards
- Hebel party walls between each dwelling
- Clay brick from standard Category 1 range with rolled grey mortar joints
- Render to front façade feature area
- Brickwork over windows and doors throughout
- Powder coated aluminium awning windows throughout
- Flyscreens to windows only
- Feature front entrance door with lock
- Garage hinged door with entrance set and deadbolt
- Door seals and weather seals to entrance and internal garage door
- 2590mm high ceilings throughout
- 10mm plasterboard throughout
- 75mm cove cornice throughout
- Water Resistant plaster to bathrooms
- 2040mm high flush panel doors with chrome lever handles and door fittings
- 90 x 12mm MDF skirtings throughout
- 67 x 12mm MDF architraves throughout
- 2 Coat Haymes (or similar) semi gloss paint to internal jambs, arc/skirts and doors
- Haymes low sheen acrylic paint to internal walls
- Semi Gloss paint to front entry doors
- Waterproofing to Australian Standards
- Wall tiles to Kitchen, Bathrooms and Laundry from standard Category 1 range
- Laminate finish to cabinets and cabinet doors
- Pullout pantry
- Laminated panel to fridge space
- Overhead cabinets
- Melamine shelving to cabinets
- 20mm low silica stone benchtops with 20mm edging
- Tiled splashback to kitchen benchtop walls
- Pull-out bin space
- Artusi or similar 600mm multi function oven
- Artusi or similar 600mm stainless steel cook top including wok hob (where gas available)
- Artusi or similar 600mm stainless steel rangehood
- Undermount sink with Gooseneck sink mixer
- Artusi or similar stainless-steel dishwasher
- 20mm reconstituted stone benchtops
- Vitreous china inset vanity basin (white) with chrome popup basin waste
- Wall mixer tap in chrome
- Tiled shower bases throughout
- Tile shelf in shower
- Feature tiles
- Pivot semi-framed shower screens
- Shower mixer tap / dumper in chrome
- Vitreous china, close coupled toilet
- Free standing bath
- Towel rails and toilet roll holders in chrome finish
- Robes - white melamine shelf with hanging rail and drawer unit
- Linen / Storage – 4 x melamine shelves
- Master WIR shelving with drawer units
- Timber look flooring from Category 1 range to common area and Living areas
- Carpet from Category 1 range to bedrooms
- Tiles to floors of Bathrooms, W.C and Laundry from standard Category 1 range
- Tiled skirtings to match
- 2x Panel lift garage doors with separate remote controls including 2 x transmitters
- Plaster ceiling and concrete floor
- Laminate finish to cabinet and cabinet doors
- Stone benchtop with stainless steel single bowl trough
- Chrome mixer tap
- Chrome water stops for washing machine
- Split system heating and cooling to main house
- Split system heating and cooling to unit
- Instant turf, back & front yard landscaping, mulch & mature trees
- Letterbox (anti-theft parcel letterboxes for each dwelling)
- Rear and side boundary fences as per Landscape Plan
- Coloured concrete driveway and paths as per Landscape Plan
- Partition fencing to enclose each dwelling
The layout
Floor plan.
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