Class 1B Rooming House - western suburbs - metro VIC
Why Choose
Stepping Stone Property
A trusted guide for your investment journey
Safeguard your financial future with a rooming house investment expert
Building a successful property investment portfolio relies on having the right team by your side. This is especially true when investing in Class 1B rooming houses.
Often a complex minefield, successfully executing a rooming house project requires a solid understanding of the Building Act, Building Regulations, National Construction Code, State Planning Schemes & Provisions, Public Health & Wellbeing Regulations, Disability Act, Residential Tenancy Act & Regulations, and more!
Go it alone, or put your faith (and hard-earned dollars) in the wrong place, and you could risk:
- Unexpected issues and delays that cost you time and money
- Limited awareness of current market insights and challenges
- Regulatory compliance failures (with potentially costly consequences)
- An inferior outcome leading to inferior returns and management issues
Excellence that delivers, integrity you can trust
Stepping Stone Property streamlines and mitigates risk throughout the often complex minefield of rooming house investing with uncompromising diligence and exceptional know-how. Led by industry expert, Steve Boyd, we stand out for our deep expertise, unwavering integrity, client-centric focus and generous education.
Executed in collaboration with an extensive and trusted network of strategic partners built over many years, our comprehensive end-to-end project management solution ensures every step is tailored to mitigate risk and meet your unique investment goals. From securing critical finance, sourcing a suitable site, undertaking thorough due diligence, designing for compliance and efficiency, building for quality and longevity, preparing for tenancy, and much more, we manage every detail on your behalf with precision and care.
Clients and strategic partners describe us as a pleasure to work with, often a sharp contrast to typical industry standards. With an unrivalled commitment to excellence and integrity, we build client-for-life relationships, collaborating closely to deliver life-changing outcomes now and for future generations.
Why choose us?
In a competitive market, we differentiate ourselves with an unparalleled focus on the customer experience and a quality outcome. Our approach includes:
- Education and Expertise: We provide in-depth education to empower you with the knowledge needed to make informed investment decisions.
- High-Engagement Support: From start to finish, we offer personalised guidance and support tailored to your unique needs.
- Integrity and Professionalism: With a reputation for transparency and excellence, we are a trusted partner in navigating the complexities of rooming house investment.
- Strategic Focus: We help you align your investments with long-term financial goals, creating a roadmap to sustainable wealth.
- Geographic Options: We work with clients all over Australia to deliver projects primarily in Victoria (where planning regulations are ideal for rooming house investments), and also in select areas of Brisbane.
A specialist team from start to finish
With Stepping Stone Property, you’re never alone on your investment journey. Together with our trusted network of strategic partners, we empower you with the knowledge to make informed decisions on your investment every step of the way, ensuring you maximise your return.
Financing
Finance is key and often challenging to obtain in this space, as the land is zoned residential but the building has a commercial application. Our finance partners understand rooming houses, the lending solutions available, how to secure finance, and structuring for an optimal outcome. It’s likely you’ll require a commercial lending solution, which is assessed completely differently to residential lending criteria.
Site Sourcing
Utilising our buyers agents to help source a suitable site to build a new rooming house speeds up the process and saves you time. In addition to considering budget, location, size and shape, it’s critically important the property meets the planning scheme requirements needed to build this type of building.
Building, Design & Drafting
Our panel of builders are trusted and reputable with substantial experience building quality rooming houses across Victoria, which is critical to successfully investing in the space. These builds are more complex than traditional residential builds, requiring a solid understanding of the applicable regulations and codes. Our builders utilise their own specialised internal design and drafting teams who balance compliant and functional design requirements with an aesthetic and inviting appeal that is efficient to build. Ultimately, a quality product translates to higher rents, tenant quality and longevity.
Property Management
Our experienced property management partners provide specialised rooming house management services. Compared to traditional residential property, managing rooming houses requires a strong understanding of the complex compliance and regulatory requirements of a different part of the Residential Tenancy Act. Not only is tenancy selection crucial, but effectively managing multi-tenancies requires more advanced skills.
Other Services
We leverage an extensive network of trusted and professional strategic partners throughout our end-to-end project process. Should issues arise through the journey, we can go back to these partners for assistance or engage additional partners if required.
Our expert network includes:
- Town Planners
- Lawyers and conveyancers
- Insurance brokers
- Demolition groups
- Quantity surveyors
- Building inspectors
- Property stylists & interior designers
Real clients, real results
"We would like to take this opportunity to thank you for helping guide us through this investment journey. We are both over the moon with the final outcome of the property and the business relationships we have formed, thanks to your referral network. Your hard work behind the scenes has not gone unnoticed, you made what could of been stressful situations seem easy and seamless. Kind regards."
- Tully Pope & Kylie Brettell
"I had the pleasure of working with Steve for my recent rooming house investment, and I couldn't be more satisfied with the experience. Steve demonstrated outstanding professionalism, a deep understanding of the market, and a genuine commitment to ensuring I made the best investment decision. His dedication, honesty and exceptional service make him a standout, and I will definitely be working with him again for future investments."
- Art Smushkov
Frequently Asked Questions
What are the risks involved in rooming house investments?
Does Stepping Stone Property manage everything?
What is the benefit of using your services? Why can’t I do this myself?
Do you provide financing assistance?
