Lot 1130 Geebung QLD

Description

This modern rooming house property in Geebung offers a high-yield investment opportunity with 5 self-contained studios, each designed for comfort and functionality. With a total build size of 201m² on a 311m² lot, the property provides excellent rental returns and appeals to a diverse tenant base. Located just 300m from Geebung train station and close to Westfield Chermside, it ensures strong rental demand and consistent occupancy.

Suburb profile:

Geebung is a thriving northern suburb of Brisbane, located approximately 15.8km from the CBD. Well known for its convenient transport links, including its own train station, Geebung provides residents with quick access to the city and surrounding employment hubs. The suburb is also home to local schools, parks, and shopping facilities, making it a popular choice for both tenants and investors. Its close proximity to Westfield Chermside ensures access to one of Brisbane’s largest retail and lifestyle centres.

Inclusions:

• Truecore steel frame & trusses backed by BlueScope 50-year structural warranty
• Fixed price inclusion list
• Exclusive rooming house builder
• 1-year material and workmanship guarantee
• 4 colour schemes by an interior designer
• High-density wall insulation to studios for acoustic performance
• Flush panel solid core doors to each studio
• Dulux 3-coat paint system
• 6 digital door locks with BLE & WiFi chips
• 1 reverse-cycle split system air-conditioner per studio
• Emergency lighting and smoke alarms (Class 1B compliant)
• 13kW solar system (owner to connect)
• Hard-wired smoke detectors with battery backup
• Sliding mirrored wardrobes with shelving and rails
• 2 ceiling fans per studio plus one in the common area
• Barrier safety screens to all openable windows and sliding doors
• Tiled shower niches in bathrooms
• Concrete driveway, car parking, patios, clothesline pads and paths
• Block out blinds to windows and vertical blinds to sliding doors
• 120m² landscaping and 60m of fencing
• WELS rated chrome mixers, ABS shower heads, and vitreous china toilets

Energy Efficiency:

• 13kW photovoltaic solar system
• Ceiling fans in all living and bedroom areas

Warranties:

• 50-year structural warranty on Truecore steel framing
• 1-year material and workmanship guarantee

This rooming house property offers investors a high-yield, low-risk investment with consistent tenant demand, making it a valuable addition to any portfolio.

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.