Lot 924 Palustris Street Armstrong Creek, VIC 3217

Armstrong Creek, Greater Geelong, VIC, 3217

$ 999,000

Armstrong Creek, Greater Geelong, VIC, 3217
Rooming House Investment Property in Armstrong Creek, VIC (7.81% Yield) | Aus Investment Properties - Photo 1

Property Images

Rooming House Investment Property in Armstrong Creek, VIC (7.81% Yield) | Aus Investment Properties - Photo 1
  • Rooming House
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 210

Details

Updated on May 22, 2026

Property Type: Rooming House
Price: $ 999,000
Land Price: $ 432,000
Build Price: $ 567,000
Gross Per Week: $ 1,550
Gross Per Annum: $ 80,600
Gross Yield: 7.81 - 8.33%
Capital Growth 12 Months: 7.73%
10Yr Annualised Growth: 4.14%
Vacancy Rate: 2.07%
Property Size: 210 m2
Land Area: 448 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Q4 2026
Property ID: 23572
SKU: 1045
Sold: Jun 17, 2026

Description

This modern Rooming House in Armstrong Creek delivers a compelling opportunity for both investors and homeowners. Featuring 5 bedrooms, 5 bathrooms and 2 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.

Armstrong Creek is a thriving and well-planned community known for its modern lifestyle, green spaces, and accessibility to major amenities. The suburb offers proximity to schools, shopping centres, parks, and transport links, making it a desirable location for both families and professionals. With its growing infrastructure and appealing residential environment, the area is becoming increasingly popular among investors and homebuyers alike.

Whether you're looking to diversify your investments or secure a low-maintenance home, this Rooming House in Armstrong Creek delivers on all fronts. With its balance of comfort and growth potential, it's an opportunity worth securing. An investment that stands out for the future.

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.

Features

  • 1 B Housing Type Compliance
  • Full T-Key Inclusions
  • 2700 mm Ceiling Height
  • Keyless Lock - Main Entrance Door & All Bedroom Doors
  • Additional Hot Water System For Additional Ensuites
  • Air Conditioner In All Bedrooms & Living Area
  • Hybrid Flooring to Bedrooms & Living and Tiles to the Wet Areas
  • 10 Year Structural Warranty
  • 900 mm Cooktop and 600 mm dishwasher in kitchen
  • Provide 2340h x 920w front door in lieu of standard

Floor plans

Rooming House Investment Property in Armstrong Creek, VIC (7.81% Yield) | Aus Investment Properties - Floor Plan 1

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 924 Palustris Street Armstrong Creek, VIC 3217
City Greater Geelong
State VIC
Postcode 3217
Suburb Armstrong Creek
Estate Armstrong Creek- The Reserve Estate

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

SMSF Single Contract

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