An exclusive opportunity to secure a brand-new, soon-to-be-constructed, purpose-built, fully licensed Class 1B Rooming House in the sought-after Quinn Estate, Deer Park.
Due for completion in approximately 9 months, you can lock in today's price and potentially enjoy upside before settlement. This architecturally designed investment combines strong cash flow, professional management, and long-term growth in one of Melbourne’s most rapidly developing corridors.
Investment Highlights
9 self-contained studios – including 3 with full kitchens
10% anticipated rental return – approx. $176,680 p.a.*
Turnkey investment – professionally managed and fully compliant
604 m² GRZ1 site – flat, rectangular block in the premium Quinn Estate
Contemporary design with stone benchtops, stainless steel appliances, hybrid flooring & landscaped gardens
Walk to schools, shops & public transport approximately 1 km to Deer Park Station
First-mover advantage: no modern NewGen Rooming Houses are currently registered in Deer Park with CAV.
Location
Deer Park sits just 17 km west of Melbourne’s CBD within the City of Brimbank – a suburb with a rich industrial heritage and a thriving modern community. Median house price ≈ $670,000, median rent $500 pw, vacancy rate 1.6% (source: realestate.com.au). Excellent transport links via train, bus & road networks, plus nearby Brimbank Shopping Centre and Bon Thomas Reserve.
Industry-Leading Collaboration
Designed by an award-winning architect, delivered by a proven developer, to be professionally managed by Scott Banks Real Estate Group – Melbourne’s leading NewGen Rooming House management team, with one of Melbourne's largest Rooming House portfolios both under management and at various stages of development, which has paid out millions of dollars in rent to established clients.
Price / Terms
10% deposit
Balance on completion
Completion: Approximately 9 months
A rare, high-yield investment opportunity in one of Melbourne’s most tightly held pockets.
Purpose-built, will be extremely well-managed, and has been designed for superior returns.
Opportunities like this don’t last. Enquire today for further details.
General Disclaimer
Images used in this advertisement are for illustrative purposes only and are taken from a previous successful collaboration between the same architect, developer, and managing agent. While the design, layout, and finishes for 4 Hogan Street, Deer Park, will be of a comparable standard, variations may occur. Final specifications, inclusions, and finishes will be as per the building contract and construction documentation.
All financial figures, rental estimates, and projected returns are based on current market conditions and information available at the time of publication. Market conditions, interest rates, and property values may change without notice, which could impact future performance. Scott Banks Real Estate Group and associated parties make no representation or warranty as to the accuracy or completeness of any forecasts or projections. Investors are advised to conduct their own due diligence and seek independent financial and legal advice before making any investment decision.
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