Lot 1078 Ormiston QLD

Description

This high-yield rooming house in the sought-after suburb of Ormiston, QLD offers a premium investment opportunity with exceptional rental returns. Featuring 5 private studios, each with its own bathroom and living space, this full turnkey package is ideal for SMSF investors. The property delivers an impressive $2,150 per week in rental income, backed by a projected 8.34% gross yield. With fixed-price contracts and a comprehensive inclusion list, it’s ready to attract strong tenant demand in a high-growth location.

Suburb profile:

Ormiston is a coastal suburb located within Redland City, just 25 km from Brisbane CBD. Known for its peaceful atmosphere and leafy streets, it offers residents proximity to Ormiston train station, Cleveland shopping precinct, and waterfront parks. The area boasts quality schools, local cafes, and convenient access to public transport. With a growing population and demand for rental accommodation, Ormiston is becoming a preferred destination for tenants and investors alike.

Inclusions:

• Full turnkey inclusions
• Flush panel solid core doors to studios
• Block out roller blinds and vertical blinds
• Barrier safety screens to windows and sliding doors
• Mirror finish sliding wardrobes with melamine shelving
• Vitreous China toilet suites and vanity units
• LED lighting throughout

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, clothesline pads and paths

Internal Inclusions:

• High-density acoustic insulation to studio perimeter walls
• Reverse cycle split system air-conditioners to each studio
• 2 x ceiling fans per studio, plus 1 in common area
• Tiled shower niches

External Inclusions:

• 6 x digital door locks
• Letterbox

Landscaping Inclusions:

• 120m² landscaping and 60 lineal metres of fencing
• 2 x clotheslines

Electrical Inclusions:

• 13kW photovoltaic solar system
• Smoke detectors with hard-wired battery backup

Appliance Inclusions:

• WELS-rated chrome mixers and ABS shower heads
• 2 x 250L electric hot water systems

Warranties:

• 6-year structural warranty
• 1-year warranty on materials and workmanship from completion

This rooming house is a premium SMSF investment offering strong returns, tenant-ready inclusions, and a prime bayside location. With high demand and low supply, it’s an ideal choice for savvy investors.

Single-person households are on the rise, accounting for a significant 25% of all households in Australia. This trend shows no signs of slowing down, and experts project a continued growth in single-person households, reaching an estimated 3 to 3.5 million over the next two decades. This surge underscores the increasing demand for housing options tailored to individual occupants.

Rooming house properties represent a form of shared accommodation, offering private bedrooms with ensuite bathrooms, and often including living and kitchenette facilities akin to a compact, one-bedroom unit or apartment. These properties appeal to tenants seeking affordable, adaptable, and hassle-free living arrangements that align with their lifestyles and requirements.

Many rooming houses are strategically situated in suburban areas, providing proximity to transportation, shopping centers, restaurants, cafes, and community hubs—making them an enticing choice for tenants.

Typical rooming house tenants encompass young professionals, students, digital nomads, entrepreneurs, creatives, and seniors who prioritize convenience, connectivity, and collaboration.

For investors, rooming house properties offer a compelling value proposition. They present a high-yield, low-risk, and forward-looking investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the burgeoning demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast higher capital growth potential, given their prime locations with access to transportation, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in high demand, ensuring quick occupancy.
• Higher Yields: Often double compared to the suburb average.
• Diverse Tenant Base: Young professionals and older singles generally seek this accommodation category.
• Tax Depreciation: Benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.