Lot 30 Davis Crescent, Mildura VIC

Description

Introducing this impressive rooming house property located in the sought-after Oakmont Grove Estate in Mildura. This modern 6-bedroom residence has been designed to meet the growing demand for high-quality shared accommodation, offering each tenant privacy with ensuite bedrooms and keyless entry. The property delivers a full turnkey investment solution with premium inclusions and a fixed price, making it ideal for investors seeking strong rental yields and long-term growth potential.

Suburb profile:

Mildura is a thriving regional city in north-west Victoria, renowned for its strong economy, affordability, and increasing demand for rental housing. The region’s economy is supported by agriculture, horticulture, tourism, and renewable energy projects, ensuring stable employment and population growth. Residents enjoy an enviable lifestyle along the Murray River with easy access to shops, schools, and medical services. As infrastructure investment continues, Mildura remains an appealing choice for investors seeking both yield and capital growth.

Inclusions:

• Fixed price – full turnkey package
• Keyless lock to all bedroom and entrance doors
• Air-conditioning to all bedrooms and living area
• Hybrid flooring to bedrooms and living; tiles to wet areas
• 900 mm cooktop and 600 mm dishwasher in kitchen
• Additional hot water system for ensuites
• 2340h x 920w upgraded front door
• 10-year structural warranty
• 6B furniture pack

Upgraded Inclusions:

• Hybrid flooring upgrade
• Keyless entry system
• Air-conditioning to all rooms

Furniture Pack Inclusions:

• Complete 6B furniture package (included in package price)

Energy Efficiency:

• Split system air-conditioning for efficient climate control
• Modern insulation and energy-conscious design

Warranties:

• 10-year structural warranty for added peace of mind

This rooming house property offers investors a high-performing, low-maintenance opportunity that aligns with the growing demand for affordable and flexible housing solutions. With quality finishes, strong tenant appeal, and exceptional rental yields, it stands out as a compelling investment in one of Victoria’s most promising growth regions.

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 centres, 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 prioritise 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.