Lot 79 Davis Crescent, Mildura VIC (6 beds)

Description

This impressive 6-bedroom rooming house property in Mildura offers a high-yield investment opportunity with a full turnkey package. Designed for modern shared living, each room is equipped for comfort and convenience, while the overall design maximises rental returns. With strong demand for affordable accommodation in the region, this property provides investors with a stable and attractive asset.

Suburb profile:

Mildura is a vibrant regional hub in Victoria, known for its strong economy, affordable housing, and increasing demand for rental accommodation. The area continues to attract new residents due to its lifestyle appeal, employment opportunities, and essential amenities. Investors are drawn to Mildura for its combination of high rental yields, steady population growth, and excellent long-term prospects.

Inclusions:

• Fixed Price - Full Turnkey package

Internal Inclusions:

• 2700 mm ceiling height
• 1B Housing Type compliance
• Keyless lock on main entrance door and all bedroom doors
• Air conditioner in all bedrooms and living area
• Hybrid flooring to bedrooms and living, tiles to wet areas
• 900 mm cooktop and 600 mm dishwasher in kitchen
• 2340h x 920w front door upgrade

Appliance Inclusions:

• Additional hot water system for multiple ensuites
• 900 mm cooktop and 600 mm dishwasher

Furniture Pack Inclusions:

• 6B furniture pack included

Warranties:

• 10-year structural warranty

This rooming house property in Mildura is a smart investment choice, offering strong rental yields, quality inclusions, and enduring tenant demand in a growing regional city.

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.