Lot S1086 Wacol, Brisbane QLD

Description

This custom-designed rooming house in Wacol, QLD, offers a robust investment opportunity with a high gross yield. The property includes five self-contained studios, ideal for tenants seeking private, fully-equipped living spaces. Located in proximity to Brisbane CBD and major amenities, this property provides excellent rental returns.

Suburb Profile:

Wacol, QLD, is a suburban area located approximately 18 km from Brisbane's central business district. It offers convenient access to public transport, with Gailes Train Station only 600 meters away. The suburb is close to major shopping centers like Mt Ommaney and boasts a range of amenities and green spaces, making it a practical choice for residents and investors alike.

Internal Inclusions:

• High-density wall insulation for soundproofing
• Flush panel solid core doors for studio entries
• Block-out roller blinds on windows
• Block-out vertical blinds on sliding glass doors
• Sliding mirror wardrobes with shelving
• Reverse-cycle split system air conditioners
• Ceiling fans in bedrooms and living rooms

External Inclusions:

• Barrier safety screens for windows and sliding doors
• LED lighting throughout
• Tiled shower niches
• Vitreous China toilet suites
• Concrete driveways, patios, and paths

Landscaping Inclusions:

• 120m² landscaping and 60 linear meters of fencing
• Clotheslines and letterbox

Electrical Inclusions:

• Smoke detectors with battery backups
• Digital door locks for all studios
• Photovoltaic solar system (13kW)

Appliance Inclusions:

• WELS-rated chrome mixers
• ABS shower heads
• Two 250L electric hot water systems

Furniture Pack Inclusions:

• Five 40-inch LED Smart TVs
• Five fridges/freezers
• Two top-load washing machines
• Furniture for studios and common areas
• Cooking appliances, crockery, and cutlery

Energy Efficiency:

• Photovoltaic solar system (13kW)

Warranties:

• Six-year structural guarantee
• One-year warranty for materials and workmanship from practical completion

Other Details:

• Optional furniture package for $28,000 designed to make the property tenant-ready
• Proximity highlights: 600m to Gailes Train Station, 7.3km to Mt Ommaney Centre, and 18km to Brisbane CBD

This property in Wacol, QLD, represents a premium investment opportunity, offering high rental yields and extensive inclusions. Its turnkey nature and optional furniture package make it an attractive option for both individual investors and SMSFs.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.