These new-gen boarding houses offer self-contained furnished studios from 12m²-25m² with all utilities included in the rent or occupancy fee to people like young professionals, middle-aged people and retired people who are squeezed out of the housing market because of the affordability gap between home ownership and their incomes.
New generation boarding house developments are a very different product. The rooms are typically self-contained with kitchenette and ensuite. They are ecofriendly built, come with Wi-Fi and other state of the art design and interiors. Residential Tenancy Agreements can also be signed and is the preferred choice for property investors adding to a better layer of protection, larger bonds and in the case of tenancy breaches more clarity around what action can be taken. According to Australian Bureau of Statistics data, NSW Occupancy rates are very high, usually well over 90 per cent.