Strong rental demand for rooming houses
Автор: Echo Property Group
Загружено: 2025-04-15
Просмотров: 38
In just one week on the market, we've filled four out of five rooms in our newly completed rooming house, highlighting the demand for quality, affordable rentals in South East Queensland! 📈
Key details of the project include:
▶️ Total spend: $850,000
▶️ Land: $245,000
▶️ Construction: $550,000
▶️ Projected rental rates: $330/week/room
▶️ Achieved rates: $410-$420/week/room
This means our clients will receive over $2,000 in rental income weekly, resulting in a fantastic gross return of over 12%! Since purchasing the land eight months ago, we estimate our clients' equity has increased by about $50,000.
We strive to underpromise and overdeliver on every project, and we're thrilled to have exceeded expectations here!
If you're interested in building a solid portfolio or looking for investment opportunities in high-demand areas, reach out! We can help you achieve your investment goals. 📈💪
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