A rooming house is designed to accommodate multiple tenants under one (1) roof, all with individual rental agreements. Each individual tenant rents out a private studio that includes a bedroom, living room, bathroom, kitchenette, and private outdoor space; in addition, tenants share a common area with facilities such as a larger kitchen and laundry area.
From the outside, a rooming house looks like any other residential home; however, what sets it apart is that it contains multiple fully furnished private units, all under one roof. Rooming houses generally cater for limited parking, depending on the area.
In high-demand, metropolitan areas such as Brisbane (and its surroundings), rooming houses are popular due to their practicality and affordability.
One of the main benefits of rooming houses are their affordability and cost-effectiveness. With increased property prices and the cost of living, finding quality living spaces in locations close to the city can be a challenge for many. Alternatively, rooming houses are a cost-effective, as they allow tenants to live in desirable areas without the increasing expenses that are associated with traditional rental properties.
For example, in Brisbane, our rooming house tenants generally pay between $380 – $450/week in rent (including all outgoings such as power, water, and internet), ultimately this supports tenants by providing financial certainty and hassle-free living arrangements.
A prominent feature that many investors take advantage of is the option for rooming houses to be completely furnished and ready for immediate occupancy. This is a significant advantage for tenants, as it removes the hassle and expense of purchasing furniture and/or making unwanted arrangements for furniture deliveries.
The convenience of moving into a space that is already operational with all the necessary furnishings also allows our tenants to settle in quickly and start making use of their new accommodation without unnecessary delays.
Did you know?
Rooming houses are an appealing option for young professionals who are looking for a seamless transition, especially those who are relocating from other states or western suburbs for work or other reasons.
Rooming houses provide tenants with an easy and convenient lifestyle. Having shared communal spaces (such as kitchens and laundry facilities) that are well-maintained, allows tenants to focus on their personal/professional lives without the added worry of ongoing property upkeep.
Did you know?
Rooming houses are particularly popular for busy professionals and FIFO workers who appreciate low-maintenance living, making it an ideal choice for those with demanding schedules.
As investment builders specialising in high-yield investment properties, over the years, we’ve come to understand the unique needs of both tenants and property investors. Our rooming houses are carefully designed to balance affordability with quality, ensuring tenants enjoy a comfortable living space while also ensuring that our investors benefit from strong rental returns.
Altitude Investment Builders is uniquely positioned to offer a superior rooming house investment as we include features such as soundproofed walls for privacy, solar power system to reduce energy costs, and focus only on locations that yield high rental income.
We specialise in constructing rooming accommodation that meets the growing demand for practical, comfortable, and affordable living spaces. We make sure all of our rooming houses are constructed with both tenant satisfaction and investor profitability in mind.
In summary, rooming houses present an excellent housing solution for those seeking affordable and convenient accommodation. With Altitude Investment Builders at the forefront of this sector, both tenants and investors can take full advantage of the profits that this modern housing model offers.
QBCC Act Licence No: 15156262
ABN – 60 636 562 420
PO Box 2380 Ascot QLD 4007
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