Lot 31 Davis Crescent, Mildura VIC

Description

This stunning rooming house property located in the growing regional hub of Mildura offers investors an outstanding opportunity to secure a high-yield, low-maintenance asset. Featuring nine spacious bedrooms, each with its own ensuite, this property is designed for both comfort and practicality. With hybrid flooring, quality appliances, and full turnkey inclusions, it provides an ideal setup for shared living. Investors can expect strong rental returns supported by Mildura’s expanding housing demand and infrastructure growth.

Suburb profile:

Mildura is a thriving regional city situated on the banks of the Murray River, known for its strong economy, vibrant community, and appealing lifestyle. The suburb offers a mix of affordability and growth potential, attracting both residents and investors. With its expanding employment hubs, educational institutions, and recreational amenities, Mildura continues to experience high demand for quality housing. The area’s growing population and infrastructure investment make it an ideal location for property investors seeking reliable rental yields and long-term capital growth.

Inclusions:

• 9-bedroom pack with ensuite bathrooms
• Hybrid flooring to bedrooms and living areas, tiles to wet areas
• 10-year structural warranty
• 900mm cooktop and 600mm dishwasher in kitchen
• 2340h x 920w front door upgrade
• 2700mm ceiling height
• 1B Housing Type Compliance
• Keyless locks for all bedroom and main entrance doors
• Additional hot water system for extra ensuite
• Air conditioning in all bedrooms and living area

Warranties:

• 10-year structural warranty

This rooming house property in Mildura represents an exceptional investment, offering strong yields, low vacancy risk, and a fully turnkey design tailored for modern tenants.

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.