Triplex Property Development – turn one block into three!
As Perth local councils and other state government authorities look to increase the density of homes in suburbs across the Perth metropolitan area, opportunities to subdivide blocks into triplex property developments are more likely to be possible.
A triplex development is the creation of 3 dwellings on 1 block of land. The appeal for property investors is the increased potential returns that can be realised by building 3 properties whether they are for sale or for renting.
Triplex developments can be single storey units or 2 storey town houses. The most common accommodation configurations are either 4 bedrooms with 2 bathrooms or 3 bedrooms with 2 bathrooms. These offer the best return on investment and will appeal to Perth renters and buyers alike.