Why a duplex is a great place to start for property developers

If you’re short on time but still want to invest in property, a duplex may be the right investment strategy for you. Duplex plans have risen in demand since the early days, paving the way to target affluent areas that provide savvy investment opportunities.

What is a duplex?
A duplex development is basically a residential building comprising two homes divided by a shared wall down the centre. If the homes exist on one land title, they will be owned and sold together. If the homes have separate titles, each home can be individually owned and sold.

Why you should build a duplex development
There are many great reasons why building a duplex could be a great place to start for investors.

Twice as nice
Because duplex developments contain two houses, you have the potential to build your income through two revenue streams from the one property.

Greater flexibility
Duplex developments
Depending on your land title, you can take advantage of favourable market conditions and sell both, banking any potential equity reaped from the sale. Or sell one and bolster your funds available while keeping the other as a rental, still leaving you with a ready revenue stream.

Innovative designs
Modern designs now give the appearance of one big house. This is a huge advantage, as the enhanced street appeal helps to maintain street value, enabling greater capital growth potential for both dwellings.


Why people want to buy a duplex development

Price
As the cost of land continues to rise in Perth, homebuyers and renters are being pushed out to more affordable fringe suburbs. Duplex developments are meeting the demand of renters, first-home buyers, retirees, downsizers and anyone on a moderate budget who still wants to live close to the CBD. And when you consider that duplex properties are often up to half the price of an equivalent house on land, it’s easy to see how they can get you in a better location for less.

Less sharing
A duplex means you don’t live in the pockets of others (like in apartment buildings) while still maintaining the security benefits of having a close neighbour.

Pet pleasers
Buying a duplex property means you own the land, so it’s likely buyers with pets will be attracted to duplex plans over apartments.

Low garden upkeep
At half the size of standard properties in the area, a duplex has great appeal to those looking to live a modern, active lifestyle without being tied down to a high-maintenance property.

Where to next?

Ready to find out if a duplex property investment is the best way for you to generate wealth? Your first step is to meet with a financial advisor, then work out what you want to achieve, and develop a plan of action.


Summit Projects – the duplex builders Perth trusts

When it comes to duplex development (Perth), Summit Projects lead the way. They specialise in subdivisions like duplex developments, giving them unrivalled expertise to get your project off the ground. Ask about their duplex floor plans, duplex designs and prices, including duplex designs for narrow blocks.

To start the conversation, talk to the duplex home builder Perth trusts today.

Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.

Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.

Duplex Property Development Home designs Strata

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