Kallangur First Home Buyer – Dual Income Dream from Renovation & Granny Flat Add-on

This Kallangur purchase is a perfect example of a first home buyer using a dual income strategy to build long-term wealth. Starting with a modest budget, these clients added value through renovations and a new granny flat—transforming the property into a high-performing dual-income asset while still enjoying it as their home.

Key Purchase Snapshot

• Purchased For: $396,000 (February 2021)
• Rental Appraisal:
  • Main home: $600 per week (estimate)
  • Granny flat (currently tenanted): $435 per week
  • Total Rental Income: $1,035 per week = 13.55% gross yield on purchase price
• Current Market Value: Approx. $820,000 (as of May 2025)
• Capital Growth: 107% over 4 years and 2 months
• Location: Kallangur
• Suburb Growth: 7.1% annualised over the last 25 years

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About the Property

• Main Residence: 3 beds, 1 bath, 2 car
• Granny Flat: 2 beds, 1 bath, 2 car
• Block Size: 607sqm

The clients undertook a smart renovation of the main home and built a new granny flat—creating a dual income setup that now delivers outstanding yield and future flexibility.

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Smart Location, Long-Term Vision

When the clients first purchased, the street had a mix of rental properties and was a little rough around the edges. Fast forward to 2025, and the street has shifted to mostly owner-occupier young couples, creating a much stronger neighbourhood dynamic and long-term appeal.

They chose this pocket intentionally for its zoning flexibility and future growth—a decision that paid off.

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Why Kallangur? Why This Property?

✅ Affordable entry point in 2021 with strong growth upside
✅ Room for a granny flat—now complete and fully tenanted
✅ Gentrifying street with rising owner-occupier presence
✅ Excellent dual-income performance
✅ Well-connected location with access to shops, schools, and transport

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How IPS Buyer’s Agents Delivered

✔️ Identified a property with value-add potential and land content for dual income
✔️ Negotiated at the right price in a fast-moving market
✔️ Supported a staged strategy: live in, renovate, build the granny flat
✔️ Partnered with Moreton Bay Finance Broker to structure finance for future flexibility

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Want to Build Dual Income From Your First Home?

Whether you’re looking to add a granny flat, unlock yield, or build equity through strategic renovations, IPS Buyer’s Agents can help you find a property that works harder for you.

📞 Contact us today to secure a dual income opportunity like this one in Kallangur.