Triple key investment homes

One home. Three incomes.

A triple key looks like one house from the street. Inside, it is split into three self-contained units, each with its own entry, kitchen and bathroom. Three tenants, three rents, one loan.

Free 10-minute call with our team. No obligation.

Illustration of a triple key home
Illustration only
3
self-contained units under one roof
1 loan
one title, with three separate leases
300+
properties delivered for clients
QPIA
accredited, PIPA corporate member
What is a triple key

One roof. Three self-contained units.

From the street it looks like a single house. Inside, it is split into three self-contained units, each with its own front door, kitchen and bathroom. Each unit is leased separately, so one property earns three rents.

One home · one title · one loan
Side A
Unit 1
Own entry · Own kitchen · Own bathroom
Example: $400 a week
Side B
Unit 2
Own entry · Own kitchen · Own bathroom
Example: $400 a week
Side C
Unit 3
Own entry · Own kitchen · Own bathroom
Example: $400 a week
$1,200 a week combined
→
Towards one loan repayment
Watch: a triple key, explained
Why it works

Four reasons investors choose a triple key.

Craig Hill, founder of Somerstone Property Group
01

Three rents, one loan

All three units are leased separately, so the combined rent goes a long way towards the repayments on a single loan.

02

A vacancy doesn’t stop everything

If one unit is between tenants, the other two keep earning, so you are not left covering the whole loan on your own.

03

Brand-new build tax benefits

Depreciation on a new build adds to your deductions, which helps the numbers at tax time. Add it to three rents and a triple key can be cash neutral to cash positive.

04

Built where people want to rent

We look for areas with strong rental demand, population growth and infrastructure spending, so the property suits the families who rent there.

Client results

Properties our clients own today.

What they paid, what they are estimated to be worth now, and what they rent for each week.

Property
Purchase price
Estimated value
Growth
Rent
Client property in Logan, Queensland
Logan, QLD
Bought 2020
Purchase price
$690,000
Estimated value
$1,050,000
Growth
+$360,000
Rent
$1,250 a week
Client property in Armidale, New South Wales
Armidale, NSW
Bought 2022
Purchase price
$551,000
Estimated value
$752,000
Growth
+$201,000
Rent
$1,000 a week
Client property in Ravenswood, Western Australia
Ravenswood, WA
Bought 2023
Purchase price
$723,000
Estimated value
$903,000
Growth
+$180,000
Rent
$945 a week
Client property in Geelong, Victoria
Geelong, VIC
Bought 2024
Purchase price
$787,842
Estimated value
$865,000
Growth
+$77,158
Rent
$1,030 a week

Estimated values and rents at the time of publishing. Past results are not a guarantee of future returns.

Client stories

Real people. Real portfolios.

A few of the people we have helped build a property portfolio, in their own words.

“We wish we’d done this sooner. The team at Somerstone showed us that it’s never too late to start, and now we have investments that give us both income and confidence heading into retirement.”

Mark & Helen

2
Properties in 4 years
$78K+
Rental income a year
$472K+
Portfolio growth

“Somerstone showed us that investing doesn’t have to be stressful. With the right strategy and team behind you, it’s actually simple, and the results speak for themselves.”

James & Emily

2
Properties in 3 years
$91K+
Rental income a year
$425K+
Portfolio growth

“As a single parent, I wanted to make sure every financial decision counted. Somerstone gave me the confidence to invest, and now I can see real results.”

Daniel

2
Properties in 6 years
$78K+
Rental income a year
$429K+
Portfolio growth

“I never thought investing could be this straightforward. Somerstone gave me the confidence, the numbers, and the support I needed.”

Sarah

1
Property in 3 years
$46K+
Rental income a year
$145K+
Portfolio growth

“Somerstone showed us that investing can be simple when you have the right plan and team behind you. We feel confident and in control.”

Liam & Chloe

2
Properties in 3 years
$82K+
Rental income a year
$347K+
Portfolio growth
How it works with us

From first call to keys.

One team from start to finish, so you are never left chasing builders, brokers or property managers.

Step 1

Discovery call

Ten minutes to see whether a triple key suits your situation.

Step 2

Finance

Our in-house finance team works out what you can borrow and structures it properly.

Step 3

Property match

We shortlist brand-new triple keys in data-assessed growth areas that suit your numbers.

Step 4

Build

We keep the build on track and keep you updated the whole way.

Step 5

Tenants in

All three units leased, so the rent starts from handover. When you are ready, we help line up the next one.

Triple key questions

What people ask us most.

How is a triple key different from a dual key?

A dual key splits one home into two self-contained living areas. A triple key splits it into three self-contained units, so the same title and loan carry three leases instead of two.

What happens if one unit is empty?

The other two keep earning rent, so one vacancy doesn’t leave you covering the whole loan on your own.

Can you build a triple key anywhere?

No. Council rules vary, so we only source triple keys in areas where they are approved and where rental demand supports three tenancies.

Do I need cash saved?

Not always. Many of our clients use the equity in their home to fund the land and build. We check whether that works for you on the call.

Who handles the finance?

Our own finance team structures your lending, so the property and the borrowing are planned together from day one.

Is the call free?

Yes. It is a free 10-minute call with no obligation to go any further.

See if a triple key fits your numbers.

A free 10-minute call with our team. No obligation.

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