Lot 19 Dichiera Court, Mildura VIC

Description

This rooming house investment in Mildura offers a modern and practical layout designed for high-yield rental returns. Featuring 6 bedrooms, 6 bathrooms, and generous living space, it’s a turnkey opportunity suited to investors seeking stable income. The package includes a land area of 649m² and a house size of 240m², delivering functionality and comfort. With a fixed price, full turnkey inclusions, and a furniture package already covered, this property provides a hassle-free entry into the rooming house market.

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.

Upgraded Inclusions:

• Keyless lock to main entrance and all bedroom doors
• Additional hot water system for ensuites
• Air conditioning in all bedrooms and living area
• Hybrid flooring to bedrooms and living, tiles to wet areas
• 900mm cooktop and 600mm dishwasher in kitchen
• 2340h x 920w front door upgrade
• 2700mm ceiling height
• 1B Housing Type compliance
• Full turnkey inclusions

Furniture Pack Inclusions:

• 6B Furniture Pack

Warranties:

• 10-year structural warranty

This rooming house represents a strong investment opportunity, combining affordability, functionality, and excellent rental returns with the growing demand for shared accommodation in regional Victoria.

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.