This rooming house in Boondall offers 5 rooms with 5 bathrooms and 5 car spaces, with 200 m2 of single-level lowset living on a 601 m2 lot on titled land. Each studio has its own reverse-cycle split-system air conditioner and a digital keyless door lock, so the property is set up for room-by-room leasing from day one. The builder-provided rent of $2,300 per week is spread across five separate room tenancies plus car spaces.

Boondall is in the City of Brisbane local government area, in Brisbane's northern suburbs, about 16 km from the Brisbane CBD and 14 km from Brisbane Airport. The property is about 450 m from Boondall train station, which gives tenants a rail link towards the city. That location supports demand from single renters looking for an affordable private room with good transport access, and investors can use that demand in a yield-focused portfolio.

For investors, this rooming house offers builder-provided rent of $2,300 per week across five rooms and five car spaces, a gross yield of about 8.51% on the package price.

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 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 similar 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 close proximity to transport, shopping centres, restaurants, cafés, and community hubs, making them an attractive choice for tenants.

Typical rooming house tenants include young professionals, students, digital nomads, entrepreneurs, creatives, and seniors who prioritise convenience, connectivity, and collaboration.

For investors, rooming house properties offer a compelling value proposition. They present a high-yield, low-risk, and future-focused investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the growing demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast stronger capital growth potential due to their prime locations with access to transport, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in strong demand, ensuring quicker occupancy.
• Higher Yields: Often double the suburb average.
• Diverse Tenant Base: Young professionals and older singles commonly seek this style of accommodation.
• Tax Depreciation: Potential benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.