18 Tamarind Street

Inala QLD 4077

357 m²

Block of units

Currently for sale - view listing

Overview

Brand New, Budget-Proof Rooming Accommodation Returning $2,150pw ($111,800pa) at a 7.31% Gross Yield

Brisbane's rental market is moving fast, and this brand new, budget-proof rooming house puts investors in prime position to capitalise. Purpose-built and earning from day one, it sits in one of Brisbane's most in-demand rental pockets, backed by the depreciation advantages that come with new construction. As a new build, it also sits outside the negative gearing restrictions being phased in for established properties from July 2027. Add quality construction and a standout location to the mix, and you have a rare opportunity for an investor chasing strong, dependable returns. The premium inclusions for this property are: 13kW solar system, reducing running costs Air conditioning in every room Kitchens and kitchenettes fitted with quality appliances and stone benchtops Security screens and roller blinds to all doors and windows Perfect location for long term growth and tenant desirability: Multiple bus stops within a few minute walk Richlands Train Station just a 4-minute drive away (1.9km) Easy access to the M5 suits tenants working across a wider range of locations Richlands Plaza, home to Woolworths and a variety of shops, just a 1-minute drive or a 4-minute walk (250m) What is a Rooming House and why Brisbane? Rooming houses are a relatively new but fast-growing rental option in Brisbane, currently making up around 3% of the city's rental market. Each property typically holds five fully furnished, individually leased micro-apartments, with a bedroom, living area, kitchenette and bathroom in each, and utilities included for tenant convenience. Occupants are usually young professionals or older single tenants. Completed rooming houses rarely reach the open market. Limited affordable land and consistent cash flow mean most owners hold them long term, which keeps quality stock in short supply. Upcoming Brisbane City Council legislation is set to tighten the approval and construction requirements for new rooming accommodation, slowing the flow of new stock considerably. As supply tightens and tenant demand holds firm, securing a newly built, income-ready rooming house now means access to a larger and more concentrated tenant pool down the track. The window to enter this market before competition intensifies is closing, and for investors who move early, the outlook is a strong one.