Triplex
Triplex developments have become the most common configuration of unit developments in the Western Australian Market. Affordability, rental yields and profit margins are the key reasons why investors and developers are choosing to build three units on one block.
Many blocks suitable for triplex developments in various shires are of a similar size and shape and allow you the option to choose from a selection of existing layouts that are proven performers for both rental and resale. Not everyone wants to take up this option, and some blocks are not a standard shape, so we offer a design service or will price up your own designs so long as you own the copyright.
Ventura iD are specialists in unit development…it’s all we do. Consider the following points before you start your development process.
Key facts about this development
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Shire Requirements
All developments require planning approval through the local shire prior to being able to apply for a building permit. Although all shires work to the Planning R Codes, the interpretation of the code may differ from one shire to another.
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Work with a Professional
Working with specialists in developments is like skipping the appointment with your GP when you’re sick and going straight to the person who has increased training in this area. You get what you need in a timelier manner.
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Know the builder
When Building, you are going into a partnership with your builder. Do your research and ensure your Builder actually does build triplex developments…how many have they got under construction?
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Defining the purpose
Clearly defining the purpose of your development will assist you in successfully achieving your outcomes. Building for resale is quite different to building for a rental portfolio.