Located in one of Brisbane's most expensive suburbs, with a median house value of $2m, this brand new, purpose-built rooming house delivers an unparalleled 7.14% gross yield against a suburb median of just 2.6%. Finished and income-ready, opportunities like this rarely reach the open market, especially in a grade A suburb like Manly, making this one of the few chances to secure one. Literally a 5-minute stroll to Manly's finest restaurants, the Esplanade and Manly Harbor, this opportunity is extremely rare.
Premium inclusions built in from day one:
Split system air conditioning in every room
Kitchens and kitchenettes fitted with quality appliances
Security screens and roller blinds to all doors and windows
A location tenants don't want to leave:
Multiple bus stops just minutes' walk away
Manly Train Station only 2 minutes by car or a 7 minute (500m) walk
Highly sought after lifestyle location, moments from the stunning Manly Marina
Surrounded by boutique grocery stores, cafes and restaurants, perfectly suited to modern tenant needs
This is a unique chance to secure a genuinely turnkey investment in one of Brisbane's tightest and most tightly held markets. Contact Noah Campbell at YSH Property on 0417 637 081 to secure this opportunity before it's gone.
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.
