APM Global find many ways to create passive income for property investors. In this blog our aim is to educate you to understand about rooming house. This is one of the way to get positive cash flow from rental income.
A rooming house is a building where one or more rooms are available to rent, and four or more people in total can occupy those rooms.
Also, in most rooming houses:
- tenants share bathrooms, kitchens, laundries, and other common areas
- the owner and their family do not generally live on the premises, and
- separate rental agreements may exist for different residents.
Historically, rooming houses were a common accommodation choice in the early twentieth century, housing between 5-10 per cent of Melbourne’s population, with residents being mostly single me. The following reports provide more information on the history of rooming houses, including the development of community managed not-for-profit rooming houses during the 1980s and the ‘new model’ of profitable private rooming houses that have emerged more recently in response to a competitive rental market and rising house prices (ref – Research Note Rooming Houses Operators Bill 201)
There are over 1399 as of 9th August 2020 in Victoria.
APM Global have few upcoming brand new rooming house options in high growth areas of Melbourne with potential rental returns of 5-8% p.a.
APM Global specialises in project selection through our Value Model Selection criteria (VSM). We provide you with an exclusive range of our well researched projects.
Call us now to see our exclusive range of Land, Off the plan, House & Land packages.