Rooming Houses and Boarding House Investment - What is a Rooming House Investment 

Rooming Houses and Boarding House Investment - What is a Rooming House Investment by New Property Australia. www.newproperty.com.au
Got a Question? email us at: ask@newproperty.com.au
Looking for a builder to build your Rooming House: www.roominghousebuilders.com.au
This video explains the Rooming House investment concept and also provides some of the important advantages of this type of investment property. If you would like to know more about investing in a rooming house please send through an inquiry at the website link below:
www.newproperty.com.au
Are you seeking a property that allows both Capital growth and a high yield? Maybe your goal is reduce the hours you spend working, thanks to passive income? A Rooming House investment property could be just what you’re looking for.
So, what is a Rooming House Property?
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. This product allows up to 5 self-contained apartment-style studios to be leased out permanently, which is generally the highest and best use of a low-density residential block of land.
Rents achieved from this type of dwelling are far higher than letting a single house in the same location. There are no Body Corporate fees, and they have Huge depreciation due to the level of fixtures and fittings.
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.
Now, this is not a new product. In fact, it’s close to 200 we’ve seen built across the Brisbane area, and we’re not even close to making a dent in the demand from young professional tenants for these self-contained studios.
If we were to build a comparable apartment project, we would be faced with hundreds of thousands in associated fees from Council such development costs, DA submissions, headworks fees, engineers, architects town planners, the list goes on. Not to mention the huge cost of the higher density land. This all diminishes the yield of the property. But with this product, we cut all of that out and don’t have the uncertainty of waiting on a Development Approval.
We have worked on and refined this product over a number of years with both the designs and the inclusions, to make it as effective as possible for our investors.
At New Property Australia we have literally been involved in hundreds of new property builds for our clients. We are passionate about finding the best Rooming House investment opportunities for our clients and have an extensive network of industry professionals to allow us to offer the best high yielding properties.
We use our team of building designers and drafts-people to offer the most aesthetic facades and effective floor plans. We then have our panel of approved builders tender for the build providing us with the best price and timeframe for the build. This enables us to offer our clients a well designed and more competitive product.
The rules regarding Rooming House properties can be complex and in fact, they are different across every State and Council area. We have the expert staff and team members to be able to provide you with up to the minute advice on what you can build and how you can maximise your investment. At New Property Australia we love to create high yielding investment properties for our clients.
If you would like any further assistance or just want to ask a few questions feel free to send us a message at the below address: www.newproperty.com.au
Got a Question? email us at: ask@newproperty.com.au