Lot 1107 Redbank Plains QLD

Description

This is a high-yield, rooming house investment property located in Redbank Plains, QLD. The home includes five self-contained studios designed to meet Class 1B requirements and is fully turnkey with solar, landscaping, driveway, and fencing included. This investment opportunity is SMSF-compatible and offers a high annual rental return.

Suburb profile:

Redbank Plains is a growing suburb located within the Ipswich region in Queensland. It offers convenient access to public transport, shopping centres, and key infrastructure. Situated approximately 6km from Springfield Central train station and close to schools, parks, and bus services, Redbank Plains is an attractive location for tenants and investors alike due to its affordability and proximity to greater Brisbane.

Site Inclusions:

• 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
• HIA QC1 New Home Construction Contract

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio
• Flush panel solid core door to each studio entry
• Quality Dulux 3-coat paint system
• 6 x digital door locks (BLE & WIFI chips built in)
• 1 x reverse cycle split system air-conditioner to each studio
• Emergency lighting and smoke alarm to comply with Class 1B legislation
• Sliding mirror wardrobes with 4 x melamine shelves and 2 x overhead melamine shelves with a single rail
• 2 x ceiling fans in each studio (bedroom and living)
• 1 x ceiling fan in the common area
• Tiled shower niche for all showers
• WELS rated chrome plated brass mixers
• ABS shower heads on chrome plated rails
• Vitreous China toilet suites

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Block out vertical blinds to all sliding glass doors
• Block out roller blinds to all openable windows

Landscaping Inclusions:

• 120m2 of landscaping
• 60 lineal meters of fencing

Electrical Inclusions:

• Hard-wired smoke detectors with battery backup to comply with current legislation

Appliance Inclusions:

• 5 x 223L fridge/freezers
• 2 x top-load washing machines
• All cooking appliances
• Cleaning appliances included in furniture package

Upgraded Inclusions:

• None specifically listed as upgrades

Furniture Pack Inclusions:

• Optional furniture package for $28,000 fully installed and tenant-ready
• Includes:
• 5 x 40 inch LED Smart TVs
• 5 x studio bedroom and living area furniture
• 1 x common area furniture
• All appliances, cooking equipment, 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 rooming house property in Redbank Plains presents a turnkey investment with strong rental yields and SMSF suitability. With quality finishes and a high-spec build, it’s a ready-to-lease opportunity offering solid returns and long-term rental appeal.

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.