What Are Single Residential Properties - House And Land Packages?
House and Land Packages that comprise a single residential home are the most common rental investment property in Australia. It is a property that sits on its own bundle of land, not associated with other private structures and only houses one family. This kind of property is also known as “detached” because they are not connected to another house, like a dual key home or apartments.
Single homes can be one or two storeys. As long as it is a free-standing structure, it can be classed as a single residential home.
With almost 11 million dwellings in Australia, single residential houses make up 70% of dwelling types at around 7.6 million. Single residential house and land packages offer a sense of privacy, ownership of outdoor space and a traditional living environment preferred by many families.