Lot 415 Catania Close, Waurn Ponds VIC

Description

This stunning 9-bedroom rooming house property in Waurn Ponds offers a modern and high-yield investment opportunity within one of Geelong’s most sought-after growth suburbs. Designed for functionality and comfort, it provides keyless entry, hybrid flooring, air conditioning in all bedrooms, and premium turnkey inclusions that appeal to both tenants and investors alike. The residence features generous proportions and contemporary finishes throughout, ensuring durability and long-term tenant satisfaction.

Suburb profile:

Waurn Ponds, located in the Geelong region of Victoria, combines suburban tranquillity with convenient access to major amenities. The suburb is home to Deakin University’s main campus, making it highly popular among students and professionals seeking nearby accommodation. Residents benefit from proximity to Waurn Ponds Shopping Centre, local cafes, parks, and public transport options, providing a balanced and convenient lifestyle. With ongoing infrastructure development and steady rental demand, Waurn Ponds continues to attract both homeowners and property investors seeking reliable returns.

Inclusions:

• Fixed Price Full Turnkey Package
• 9-bedroom design with ensuite-style accommodation
• Air conditioning to all bedrooms and living areas
• Keyless lock system on main and bedroom doors

Internal Inclusions:

• Hybrid flooring to bedrooms and living areas
• Tiles to all wet areas
• 2700 mm ceiling height

Appliance Inclusions:

• 900 mm cooktop
• 600 mm dishwasher

Upgraded Inclusions:

• 2340h x 920w front door upgrade
• Additional hot water system for extra ensuite

Warranties:

• 10-year structural warranty

This high-quality rooming house property represents a rare opportunity for investors seeking consistent income and capital growth potential within a thriving Victorian suburb.

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.