This rooming house in Newcomb offers 9 bedrooms and 9 bathrooms in a 295 m2 single storey home on 717 m2 of land, already titled. It is a full turnkey package with keyless entry and air conditioning to every bedroom and 2700mm ceilings.

Newcomb is an established suburb on the eastern side of Geelong, about 3 km from the Geelong CBD, with easy access to the Bellarine Highway and the Bellarine Peninsula. Newcomb Central and Bellarine Village shopping centres, Newcomb Community Health, Newcomb Secondary College and Newcomb Park Primary School are all close by, with bus services running to the CBD.

For investors, this rooming house is estimated to rent for about $2,970 per week, a 10.15% gross yield on $1,522,200.

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 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, and often including living and kitchenette facilities similar 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 close proximity to transport, shopping centres, restaurants, cafés, and community hubs, making them an attractive choice for tenants.

Typical rooming house tenants include 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 future-focused investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the growing demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast stronger capital growth potential due to their prime locations with access to transport, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in strong demand, ensuring quicker occupancy.
• Higher Yields: Often double the suburb average.
• Diverse Tenant Base: Young professionals and older singles commonly seek this style of accommodation.
• Tax Depreciation: Potential benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.