Lot 2 Birkdale QLD

Description

This fully turnkey rooming house investment property in Birkdale, QLD, provides a high return on investment with an annual rental yield of approximately 8.77%. Ideal for SMSF investors, the property is located near major shopping hubs, transportation, and leisure activities at Moreton Bay, offering both convenience and high tenant demand.

Suburb profile:

Birkdale is a coastal suburb in the Redland City Council area, known for its scenic beauty near Moreton Bay and easy access to shopping, dining, and recreational activities. It is a popular choice for families and professionals alike, with excellent connectivity and proximity to Brisbane, making it a desirable location for both residents and investors.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, clothesline pads, and paths

Preliminary Inclusions:

• Fixed price contract
• Six-year structural guarantee
• One-year material and workmanship warranty

Internal Inclusions:

• High-density wall insulation for acoustic performance
• Reverse cycle split system air conditioner in each studio
• Ceiling fans in each studio (bedroom and living room) and common area
• LED lights throughout
• Vitreous China toilet suites
• Sliding mirror wardrobes with melamine shelving

External Inclusions:

• Barrier safety screens for windows and sliding doors
• Flush panel solid core doors to studios

Landscaping Inclusions:

• 120 m² landscaping
• 60 lineal meters of fencing

Electrical Inclusions:

• 13 kW photovoltaic solar system
• Digital door locks on studios

Appliance Inclusions:

• Stainless steel oven, range hood, and dishwasher
• ABS shower heads and WELS-rated mixers

Upgraded Inclusions:

• Tiled shower niches
• Solar-powered hot water system

Furniture Pack Inclusions:

• Optional $28,000 fully installed furniture pack includes LED Smart TVs, fridges, washing machines, bedroom, living room, and common area furnishings

Energy Efficiency:

• 13 kW solar power system

Warranties:

• Six-year structural warranty
• One-year warranty on materials and workmanship

This rooming house property in Birkdale is an ideal investment for SMSF investors, offering solid rental returns and premium inclusions in a high-demand coastal suburb near Moreton Bay.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out. 

The house render is for display purposes only and may not represent the actual property as shown on the floor plan.