Debunking Common Myths About Rooming Houses

Rooming houses are also known as rooming accommodation, co-living spaces, micro apartments, share houses, or house in multiple occupation (HMOs), they are an increasingly popular housing option in Australia, yet several myths and misconceptions persist about this type of property.

At Altitude Investment Builders, we believe in the value of rooming houses as high-yield investments and a fundamental element of affordable housing.

To provide a clearer understanding of their benefits or rooming houses, we’ve debunked some of the most common myths that we hear surrounding these properties, these myths are provided below:

Myth #1

Rooming houses are low-quality and unattractive

One of the most prevalent myths about rooming houses is that they are low quality and unappealing. While this may have been true for some older rooming house properties, today’s rooming houses (particularly those built by Altitude Investment Builders) are designed with high standards, modern features and stylish finishes.

Our rooming houses are built with the same attention to detail and quality as any other property, ensuring they are comfortable, safe, and appealing to desirable tenants.

Myth #2

Rooming houses attract unreliable tenants

Another common misconception is that rooming houses largely attract unreliable tenants. However, the reality is that rooming houses cater to a diverse range of individuals, including, young professionals, women over 50, FIFO workers and health care workers, all of whom are looking for affordable and flexible living arrangements.

We are proud to be designing rooming accommodation and offering well-maintained, secure, and welcoming environments that appeals to responsible and desirable tenants.

Myth #3

Managing a rooming house is too difficult for investors

While managing a rooming house may require a different approach (compared to traditional rental properties), but with the right strategies in place, it can be simple and very rewarding. Professional property management services that focus on managing rooming accommodation can deal with tenant selection, rent collection, and maintenance, making it a hassle-free investment.

Did you know?
At Altitude Investment Builders, we work with experienced property managers who ensure our rooming houses are managed professionally, providing a seamless experience for both tenants and investors.

Myth #4

Rooming houses can’t be profitable

While some investors believe that rooming houses are not as lucrative as traditional property types, this couldn’t be further from the truth. Rooming houses offer high-yield investments due to their capability of generating multiple rental streams from just one single property.

With the growing demand for affordable housing in areas such as Brisbane (and surrounds), rooming accommodation is developing an increasingly profitable option for investors looking to maximise their returns.

Myth 5:

Rooming houses are only temporary housing solution

Just like many traditional properties, rooming houses do also provide flexible lease options, however, they are not solely a temporary housing solution. In fact, many of our tenants choose to stay in rooming accommodation for extended periods due to their affordability, convenience, and community environment.

Did you know?
Altitude Investment Builders designs rooming houses with long-term tenancy arrangements in mind. We achieve this by providing tenants with a stable and comfortable living environment that meets their needs over the long term.

Debunking these common myths tells the true value of rooming houses as a viable and attractive option for both our investors and also for tenants. They are far from being low-quality or difficult to manage, and instead, today’s rooming accommodation offers high standards of living and significant investment potential.

At Altitude Investment Builders, we are committed to building quality rooming houses that continue to challenge these misconceptions and instead we aim to provide a reliable and profitable housing and investment solution.

If you’re thinking about investing in a rooming house, don’t let these myths hold you back from exploring this high-yield investment opportunity.