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boarding house near IP - good or bad

Discussion in 'General Property Chat' started by S0805, 19th May, 2016.

  1. S0805

    S0805 Well-Known Member

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    doing some DD on suburb and found out that there is proposed 10 storey boarding house coming nearby which will have 30+ bedrooms and on-site manager. My understanding is boarding house is for students or like. Or is it for Public housing or backpacker's or something....

    most of the buildings surrounding this one is 3 storey old style 2 bedrooms apartments...

    Not sure if this is good or bad thing

    any suggestions pls...
     
  2. headsonbeds

    headsonbeds Well-Known Member

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    10 storeys that's huge. Could be students, social housing, rehab. You'd need to find out more. There is a 4 storey one in Brisbane and it has over 100 rooms
     
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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  4. S0805

    S0805 Well-Known Member

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    it says it will have 32 bedrooms, communal living room and on site manager.
     
  5. S0805

    S0805 Well-Known Member

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    Its the second building away from proposed development. I guess I'll have to call council to find out what sort of boarding house proposed..
     
  6. Lil Skater

    Lil Skater Well-Known Member Business Member

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  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Ok - that's close! Good thing you're doing your DD.

    Cheers

    Jamie
     
  8. Lil Skater

    Lil Skater Well-Known Member Business Member

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  9. Tony Fleming

    Tony Fleming Well-Known Member Business Member

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