18 Tamarind Street

Inala QLD 4077

357 m²

257 m²

Block of units

Currently for sale - view listing

Overview

Brand New Purpose-Built Rooming House | 7.31% Yield | $111,800 p.a.

This brand new rooming house is ready to go, sitting in one of Brisbane's most sought-after rental pockets. With tenants able to move in immediately, the property is set up to deliver reliable income from day one, backed by the depreciation advantages that come with new construction. Add a high-growth location and quality build 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 already a popular rental option in Brisbane, currently making up around 3% of the city's rental market. They typically contain five fully furnished, individually leased micro-apartments, each with its own bedroom, living area, kitchenette, and bathroom, with utilities included for tenant convenience. The main occupants tend to be young professionals or older, separated individuals. Finished rooming houses rarely come to market due to limited affordable land and the strong cash flow they provide, making them a highly sought-after investment that most owners choose to hold long term. Upcoming Brisbane City Council legislation is set to introduce stricter requirements around the approval and construction of new rooming accommodation, which will significantly slow the flow of new stock entering the market. As supply tightens and tenant demand remains strong, those who secure an established, income-producing rooming house now will benefit from a larger and more concentrated tenant pool going forward. The window to enter this market before competition intensifies is narrowing, and for investors who move early, the long-term position is a compelling one.