This rooming house in Mildura offers 9 bedrooms and 9 bathrooms in a 295 m2 single storey home on 638 m2 of land, already titled. It is a fixed price, full turnkey package with keyless entry and air conditioning to every bedroom and 2700mm ceilings.

Mildura is a regional hub on the Murray River with a diversified economy across agriculture, healthcare, tourism and retail. Mildura Base Hospital is about 5 minutes away and the CBD about 3 minutes, with schools and Central Park Reserve close by.

For investors, this rooming house is estimated to rent for about $3,000 per week, a 12.68% gross yield on $1,230,200.

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.