Consumer Affairs defines a rooming house as follows: a building in which there is one or more rooms available for occupancy on payment of rent in which the total number of people who may occupy that room or those rooms is not less than 4.
For every 10 renters, a minimum 1 toilet, 1 bath or shower and 1 wash basin is acceptable.

The most common lease periods Fox First Real Estate manage are 12 months. 12 month lease periods helps filter through longer term renters, and generally means there is less turnover. Some leases are less, either 3 or 6 months.

Government authorities inspect rooming house properties. Generally, there are 3-4 inspections per property annually, this includes: a Health Inspector from the local Council, a Building Inspector from the local Council and Consumer Affairs.

Yes, all Council and Consumer Affairs inspections are managed as part of the Fox First Real Estate property management service. There are no additional costs associated with Fox First Real Estate managing these inspections on the Renter Provider’s behalf.

A Renter Provider can have all rooms occupied by couples as long as the total number of people is a maximum of 12 people per property and the rooms are a minimum size of 12.5sqm.

To date, the most expensive rooms are leased out at $390 per week. This is possible when all the variables offer great value to the tenant, i.e. Location, facilities, local amenities, size of the rooms, rooms that have ensuites and the general cleanliness of the property.

The application process to place new renters is very important as dynamics are essential for harmonious living.

POSITIVE CASHFLOW & PASSIVE INCOME

is still possible! Get the FREE E-BOOK!

Our head licensed estate agent of over 13 years, Stavros Loizides, has documented several FAQs that will provide you with a good head start on your shared accommodation investment.
Download it now!

Residential Leased

Spot on location yet private

1/1 Fraser Street, ORMOND VIC 3204
3
2
2
BY NEGOTIATION
Leased

VERY SOUGHT AFTER AREA!/CHARMING WEATHERBOARD

3 Anderson Street, FRANKSTON VIC 3199
3
1
1
BY NEGOTIATION
Leased

Close to Monash Uni

121 Clayton Road, OAKLEIGH EAST VIC 3166
3
1
2
BY NEGOTIATION
Leased

Ideal Shared Accommodation Living

Room 7/13 Cambro Road, CLAYTON VIC 3168
1
2
BY NEGOTIATION
Leased

SHARED ACCOMMODATION - A HOP SKIP AND A JUMP FROM MONASH UNIVERSITY

Room 5/62 Koonawarra Street, CLAYTON VIC 3168
5
2
BY NEGOTIATION
Leased

Top notch shared living

Room 3/57 Rayhur Street, CLAYTON SOUTH VIC 3169
1
1
BY NEGOTIATION
Leased

POPULAR LOCATION...MINUTES FROM SHOPS

11 Malane Street, BENTLEIGH EAST VIC 3165
3
2
1
BY NEGOTIATION
Leased

FRESHLY PAINTED, COSY, NEAT AND A GREAT LOCATION

Unit 2/78 Ferntree Gully Road, OAKLEIGH EAST VIC 3166
3
1
1
BY NEGOTIATION
Leased

MODERN, SPACIOUS & QUALITY!

21 Montrose Street, Oakleigh South VIC 3167
3
1
3
BY NEGOTIATION
Leased

Freshly painted, new carpets and within a prime Location in Box Hill - Shared accommodation

Room 3/16 Barcelona Street, BOX HILL VIC 3128
1
3
BY NEGOTIATION
Leased

Got another question we haven't covered?
Get in touch and we'll do our best to respond.