Lot 1098 Ormiston QLD

Description

This high-yield rooming house investment in Ormiston, QLD, offers a high rental return with a complete turnkey solution. The property features premium inclusions, modern energy-efficient upgrades, and secure digital access, making it an attractive and low-maintenance investment. Its strategic location near major transport, shopping precincts, and waterfront parks enhances its tenant appeal and long-term capital growth potential.

Suburb profile:

Ormiston is a coastal suburb in the Redland Region, approximately 25km southeast of Brisbane CBD. It is a desirable area known for its waterfront proximity, green spaces, and family-friendly community. The suburb is well-connected with public transport, including Ormiston train station just 1.1km away, and has easy access to shopping, schools, and recreational facilities. The local market remains strong due to its premium location and high demand for rental properties.

Internal Inclusions:

• Truecore® steel frame & trusses with a 50-year structural warranty
• High-density wall insulation to internal perimeter walls of each studio for acoustic transmission
• Flush panel solid core door for entry to each studio
• Quality Dulux 3-coat paint system
• Sliding mirror finish with an aluminum frame to wardrobes (including 4 x melamine shelves and 2 x overhead shelves with a single rail)
• Tiled shower niche for all showers
• Block-out roller blinds to all openable windows (excluding the bathrooms)
• Block-out vertical blinds to all sliding glass doors
• WELS-rated chrome-plated brass mixers throughout
• Vitreous China toilet suites in each bathroom

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Concrete to driveway, crossover, car parking, patios, clothesline pads, and paths (where applicable)
• 120m² of landscaping and 60 lineal meters of fencing

Landscaping Inclusions:

• 120m² of landscaping
• 60 lineal meters of fencing

Electrical Inclusions:

• 6 x digital door locks (BLE & WIFI enabled)
• Emergency lighting and smoke alarm to comply with Class 1B legislation
• Hard-wired smoke detectors with battery backup
• 2 x ceiling fans in each studio (one in bedroom, one in living room)
• 1 x ceiling fan in the common area
• LED lighting throughout

Appliance Inclusions:

• 1 x reverse cycle split system air-conditioner to each studio
• 13kW photovoltaic solar system (connection to provider by owner)
• ABS shower heads on chrome-plated rails

Optional furniture package for $28,000 fully installed and tenant-ready.

• 5 x 40-inch LED Smart TVs
• 5 x 223L Fridge/Freezers
• 2 x top-load washing machines
• 5 x fully furnished studios with bedroom and living area furniture
• 1 x common area furniture, finishings, and cleaning appliances
• All appliances, cooking essentials, crockery, and cutlery

Energy Efficiency:

• 13kW photovoltaic solar system

Warranties

• Truecore® steel frame & trusses backed by a 50-year structural warranty
• 1-year material and workmanship guarantee from practical completion

This fully turnkey rooming house investment in Ormiston, QLD, offers a strong rental yield with premium inclusions and a low-maintenance design. Located close to transport, shopping, and waterfront parks, this property is a fantastic investment opportunity with high tenant demand and long-term growth potential.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.