As a general rule, adding more units into a development has a multiplier effect on potential returns. Adding too many units can increase risks and costs. For those reasons, triplex developments are often viewed as the best type of development to maximize your returns. On one block, triplex developments generally have three single or double storey homes around a shared driveway.
Triplex Developments Perth
Advantages of Triplex Developments
• Multiplier effect on potential returns without risk of over complicating development.
• Demolishing and building provides more configuration options than a house-behind-house development.
• Modern, low-maintenance homes are easier to sell or rent out.
• Selling or renting one or all homes provides huge cash flow opportunities.
Typical Triplex Layouts
While the example shown is typical of triplex developments, each Redink Development is approached differently to best unlock land value and maximize your returns. Work with us and your layout will be customised to your development.
The fastest way to check if your property is eligible for subdivision is to find out its Residential Planning Code (R-Code). Your local council will be able to provide this information. As a general rule, the calculations below can be used for a triplex development.
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