Anyone renting by the room in Melbourne?

Discussion in 'Innovative Property Investment Techniques' started by ellejay, 5th Jun, 2017.

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  1. ellejay

    ellejay Well-Known Member

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    Kimberley and NZ
    Any experience of doing this with an ip either self managing or using an agent?
     
  2. NHG

    NHG Well-Known Member

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    Are you in the HIRes community?
    There are quite a few Melbourne people doing that there.
     
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  3. melbournian

    melbournian Well-Known Member

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    Is ok if it is 2 rooms and not more than 4 individuals just be careful as it does not fall into rooming house territory and a lot of ppl got busted recently in Melbourne
     
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  4. ellejay

    ellejay Well-Known Member

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    Thanks, can you let me know where to find the guidelines? Was thinking of renting out a 4 bedder.
     
  5. ellejay

    ellejay Well-Known Member

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    Never heard of it. I'll have a look. :)
     
  6. melbournian

    melbournian Well-Known Member

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    it is on consumer affairs website came in April 2017 - just be careful ( i have a 5 bedder but not leasing room by room - rather one lease to a family of 7 ppl. there are penalities and jail term for those who get busted.

    Rooming house operators - Consumer Affairs Victoria

    What is a rooming house?
    A rooming house is a building where one or more rooms is available for occupancy by four or more people (in return for the payment of rent).


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