Lot 1105 Loganlea QLD

Description

This rooming house investment opportunity located in Loganlea, QLD features two Class 1B buildings designed to accommodate 15 rentable studios across 17 rooms. The property is fully turnkey and offers a high gross rental yield. Each studio is individually metered and fitted with modern comforts, including air conditioning, digital door locks, and built-in wardrobes. The property also includes solar power, landscaping, and comprehensive site works. The development is council-approved and has the potential for strata titling.

Suburb profile:

Loganlea, located in the Logan City Council region of Queensland, is a high-growth suburb strategically positioned near major health and transport infrastructure. It is within walking distance to Logan Hospital, which is set to become Queensland’s second-largest hospital by 2027, and only 700 meters from Loganlea Train Station. The area features strong rental demand and limited rooming house availability, enhancing its investment appeal.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, clothesline pads and paths (where applicable)
• Upgrades to sewer and water meters allowed for in land price
• Council Infrastructure Charges of $301,920 included in package price

Preliminary Inclusions:

• Council Development Approval obtained
• Option for strata titling each building upon completion

Internal Inclusions:

• Flush panel solid core doors to each studio
• High-density wall insulation to internal perimeter walls
• Dulux 3-coat paint system
• Digital door locks with BLE and WIFI
• Reverse cycle split system air-conditioner to each studio
• Emergency lighting and hard-wired smoke alarms with battery backup
• Sliding mirrored wardrobes with shelving and hanging rail
• 2 ceiling fans per studio (bedroom and living area)
• 1 ceiling fan in common area
• Block out roller blinds to windows (excluding bathrooms)
• Block out vertical blinds to sliding doors
• Tiled shower niches
• Vitreous China toilet suites
• WELS rated chrome plated brass mixers
• ABS shower heads on chrome plated rails

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Concrete pathways, driveways and patios

Landscaping Inclusions:

• 120m2 of landscaping included
• 60 lineal meters of fencing

Electrical Inclusions:

• Emergency lighting
• Hard-wired smoke detectors with battery backup
• Digital door locks with BLE and WIFI
• Reverse cycle split system A/C units
• Ceiling fans in all rooms and common area
• 13kW photovoltaic solar system (connection by owner)

Furniture Pack Inclusions:

• Furniture package not included, but available upon request

Energy Efficiency:

• 13kW photovoltaic solar system included (connection by owner)

Warranties:

• Warranties (if Warranties are provided otherwise leave it blank): :
• Truecore steel frame and trusses backed by BlueScope 50-year structural warranty
• 1-year material and workmanship guarantee from practical completion

This rooming house investment offers a high-yield, council-approved dual-building development in a prime Loganlea location, with potential for strata titling. With full turnkey inclusions and strong rental returns, it presents a compelling opportunity for investors seeking cashflow-positive assets.

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.