What is a duplex?
A duplex is a design of residential home that has two dwellings divided by a shared or common wall. These dwellings can be built on one piece of land with an individual or entity owning both dwellings under the one title. Alternatively, the dwellings can have separate titles and then be sold/owned by two different entities. A duplex may be built on the one title and separated at a point into the future (subject to the necessary application & approvals). Commonly each dwelling will be a mirror image of the other.
Buying a duplex can be a successful strategy for both its price tag and its investment potential. A duplex that is located in the right area should experience capital growth whilst generating attractive rental yields in a strong market.