Lot 15 Harlem Court, Mildura VIC

Description

This Rooming House in Mildura presents a rare opportunity to secure a modern, high-growth investment. Featuring 9 bedrooms, 9 bathrooms and TBA car space/s, it blends lifestyle comfort with strong rental appeal. Every detail has been designed to combine style with practicality, making it attractive for both tenants and future buyers. Positioned in one of Australia's fastest-growing areas, this property is built for long-term value and immediate results. A standout choice for anyone seeking both security and growth.

Suburb profile:

Mildura is a thriving regional city in Victoria, well-regarded for its vibrant economy, strong agricultural base, and growing residential demand. The area offers excellent amenities, including schools, shopping centres, and healthcare services, making it attractive to both residents and investors. Its location on the Murray River adds lifestyle appeal, with outdoor recreation and tourism contributing to continued growth. As a major regional hub, Mildura provides consistent rental demand and long-term capital growth opportunities.

Inclusions:

• Hybrid Flooring to Bedrooms & Living, and Tiles to the Wet Areas
• Provide a 2340 x 920w front door in lieu of the standard
• Full T-Key Inclusions
• Air Conditioner In All Bedrooms & Living Area
• 10-Year Structural Warranty
• 2700 mm Ceiling Height
• Keyless Lock - Main Entrance Door & All Bedroom Doors
• 900 mm Cooktop and 600 mm dishwasher in the kitchen
• 1 B Housing Type Compliance
• Additional Hot Water System For Additional Ensuite

This property is built with long-term growth in mind, offering security, value and strong returns. It provides confidence for investors looking to build wealth while ensuring everyday comfort for residents. A reliable choice in today's market.

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.