Lot 1098 Ormiston QLD

Description

Rooming house investment opportunity featuring 5 studios, each with private amenities. This high-yield property is fully turnkey, including solar, landscaping, driveway, and fencing allowances. Located in Ormiston, QLD, the property offers an high gross rental income and a build size of 200m² on a 405m² block. One-part contracts for SMSF purchases are available.

Suburb profile:

Ormiston is a coastal suburb in the Redland City region of Queensland. Located near Raby Bay and just 1.1km from the Ormiston train station, the area offers easy access to waterfront parks, shopping precincts, and public transport. Known for its leafy streets and proximity to the bay, Ormiston is a desirable residential area within commuting distance of Brisbane CBD.

Site Inclusions - Site Works, Foundations & Connections:

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

Preliminary Inclusions:

• Fixed price inclusion list
• 1 year material and workmanship guarantee from practical completion
• Exclusive rooming house builder
• QC1 New Home Construction Contract

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio
• Flush panel solid core door for the entry to each studio
• Quality Dulux 3-coat paint system
• 1 x reverse cycle split system air-conditioner to each studio
• Sliding mirror finish with aluminium frame to wardrobes including 4 x melamine bank of shelves and 2 x overhead melamine shelves with a single rail
• 2 x ceiling fans in each studio
• 1 x ceiling fan in the common area
• Block out roller blinds to all openable windows
• Block out vertical blinds to all sliding glass doors
• Tiled shower niche for all showers
• Vitreous China toilet suites in each bathroom

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors

Landscaping Inclusions:

• 120m2 of landscaping and 60 lineal meters of fencing

Electrical Inclusions:

• Emergency lighting and smoke alarms to comply with Class 1B legislation
• Hard-wired smoke detectors with battery backup to comply with current legislation
• 6 x digital door locks with BLE and WIFI chips

Appliance Inclusions:

• ABS shower heads on chrome plated rails
• WELS rated chrome plated brass mixers throughout

Furniture Pack Inclusions:

• Optional furniture package fully installed and tenant-ready
• 5 x 40 inch LED Smart TVs
• 5 x 223L Fridge Freezers
• 2 x top-load washing machines
• 5 studios of bedroom and living area furniture
• 1 common area furniture, finishings, and cleaning appliances
• All appliances, cooking, crockery, and cutlery

Energy Efficiency:

• 13kW photovoltaic solar system

Warranties:

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

This high-yield rooming house in Ormiston presents a fully turnkey investment with strong rental income potential and SMSF eligibility. Its comprehensive inclusions and quality finish make it an ideal choice for investors seeking consistent returns.

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.