Perth triplex developments are an innovative way for homeowners and investors to unlock the full potential of their properties. With benefits like increased rental income, cost efficiency, and maximized land use, triplex projects offer a flexible and profitable investment strategy. Jubilee Home Builders is here to guide you through every step, from zoning assessments to design and approvals, ensuring a smooth and successful development journey.

What is a triplex?

A triplex is a unique property development approach wherein a single block of land is subdivided to create three separate titled dwellings. This division can involve existing structures, which might require removal before new land titles and houses can be established.

Is your block suitable for a triplex development?

The key factor here is the zoning regulations or R-codes. While certain zoning types might suggest a specific number of units, the overall lot size is the decisive factor. Understanding the R-code zoning will help determine the minimum required areas for calculation purposes. The R-codes encompass various guidelines that must be addressed while crafting a solution for approval by the relevant local council. Aspects such as exclusive use areas, setbacks, heights, and streetscape will need careful consideration.

Benefits of a Triplex development:

Embarking on a triplex project in Perth offers several benefits, even though it entails a higher initial investment and involves constructing multiple homes.

• • Great entry point: This is a good project for first-time investors wanting experience in developing before diving into large multi-unit developments

• • Maximises land Use: Triplex developments make the most of your land by optimizing space and increasing the overall value of the property

• • Increased Rental Income: With three units available for rent, a triplex can generate significant rental income, potentially doubling or tripling your revenue compared to a single dwelling

• • Cost Efficiency: Shared construction costs, such as foundations and utility connections, make building a triplex more cost-effective per unit than constructing three separate homes

• • Diverse Investment Strategy: You have the flexibility to sell one or more units, rent them out, or even live in one while renting or selling the others, providing multiple avenues for income and investment returns

• • Appeal to First-Time Buyers and Investors: Triplex units often offer a more affordable entry point for home buyers and investors, making them attractive options in competitive markets

• • Potential for Capital Growth: Well-designed triplex developments in desirable locations can appreciate over time, offering substantial capital growth potential