Rooming House Investment Northern Brisbane - Walk Through of High Yielding Property

Rooming House Investment Brisbane:
Got a Question? email us at: [email protected]

Looking for a builder to build your rooming house?
Try:

www.roominghousebuilders.com.au

Rooming houses offer the opportunity to lease each lettable space separately. By doing this, high yields are achievable, and in some cases, 10% or better may be possible.

3 Incredible Reasons To Become A Rooming House Investor:

1. Yield & Capital Growth
2. Strong Market Demand
3. Amazing Passive Income

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Read more here: https://newproperty.com.au/3-incredib...
Contact us: [email protected] / (07) 3063 2401
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Critical to any property investment is the delivery of a return on that investment. Rooming houses are uniquely strong as a type of property investment. Not only do they offer a high yield, but also capital growth.

There is a massive demand for rooming house rentals from young professionals. These means that Rooming house property investments have a very low risk of vacancy.

For many, the goal when considering property investment is to reduce their reliance on their active income. Investing in a Rooming house offers a fantastic source of passive income. For many New Property Australia clients, the goal with investing in a rooming house property is to buy a few of them over a number of years and then retire and live off the income these property investments produce.

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• Up to 5 separate rents for the one dwelling/block of land
• For a low-density residential block this is the highest and best use of the land
• Each room is completely independent and lockable
• Risk mitigation by having separate leases. If one person moves out, there are still up to 4 rents coming in until a suitable replacement tenant is found.
• Only one set of rates are payable for the property
• It supplies affordable housing in locations where it may otherwise be unavailable
• High depreciation due to the level of fixtures, fittings, and furniture etc
• No Body Corporate fees
• Supplies positive cash-flow and high rental yield to the investor
• In many instances these properties are code assessable meaning they do not require any specialised development approval
• Only one set of rates are payable for the property
• In many instances these properties are code assessable meaning they do not require any specialised development approval.

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Rooming houses offer the opportunity to lease each lettable space separately. By doing this, high yields are achievable, and in some cases, 10% or better may be possible.

Whilst each habitable space is self-contained, under rooming house legislation there is a requirement for a common area that includes 1 shared laundry, kitchen and living area which allows the higher returns to be achieved. This does vary from council to council. Rents achieved from this type of dwelling are far higher than letting a single house in the same location.

Rooming houses are managed by specialised and experienced Property Managers, who have each tenant sign a separate lease. Each lettable space is self-contained and includes an ensuite, small living area, kitchenette, and sometimes may have external access. The maintenance of the shared areas, plus the costs of water, electricity and Internet are the responsibility of the property owner. A rooming house is a residential dwelling that is certified as class 1B, and specifically designed for separate tenancies. In Brisbane City Council Area, a rooming house has a maximum of 5 lettable areas, with a maximum of 5 unrelated parties, and a total floor area no larger than 300m2.

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Got a Question? email us at: [email protected]