Great Townhouse To Live In with Caretaking Only Side-Hustle (Rent Out Option)
If you want a place to live and a simple weekly income stream to help accelerate loan repayment, this structure is worth underwriting.
Deal snapshot
If you want a place to live and a simple weekly income stream to help accelerate loan repayment, this structure is worth underwriting.
Deal snapshot
- Caretaking income: $50,848 + GST p.a.
- Agreement term remaining: 14 years
- Manager unit: currently returning approx $650/week rent (option to keep rented or occupy, subject to the agreement and your structure)
- Core duties: grounds (mow/edges), pool testing, bins, tennis court, common areas
- Location: Brisbane West Suburb
A lot of buyers want a townhouse to live in, but the mortgage can feel like a ceiling. A clean caretaking contract can work like a second income stream: not “get rich”, but reduce stress, improve serviceability, and speed up principal reduction when you apply the surplus consistently. The Ridge Heights caretaking agreement is a caretaking-only structure with a remaining term that can be financeable for the right buyer, plus a manager unit currently producing rent (or potentially available for owner occupation depending on structure). Next step: request the information pack and we’ll confirm duties, term, body corporate expectations, and what lenders typically want to see.
- Are you buying this primarily to live in, or to keep the manager unit rented?
- What’s your comfort level with hands-on outdoor maintenance?
- Are you planning an initial interest-only phase?
- Do you already have a broker and indicative borrowing capacity (remember banks assess buffers)?
You can buy a townhouse to live in, but if every spare dollar disappears into repayments, progress can feel slow and fragile.
A caretaking-only contract can act as a disciplined “side-hustle income stream” that helps you (a) cover a chunk of repayments, and (b) accelerate principal reduction if you treat the surplus as non-negotiable.
This agreement advertises $50,848 + GST p.a. caretaking income, with 14 years remaining, and a manager unit currently returning around $650/week rent (structure dependent).
Extra repayments and offsets can reduce interest and shorten the life of a loan when applied consistently.
Book Inspection Now. We’ll show you the duties schedule, living arrangement and the numbers lenders tend to accept.
A caretaking-only contract can act as a disciplined “side-hustle income stream” that helps you (a) cover a chunk of repayments, and (b) accelerate principal reduction if you treat the surplus as non-negotiable.
This agreement advertises $50,848 + GST p.a. caretaking income, with 14 years remaining, and a manager unit currently returning around $650/week rent (structure dependent).
Extra repayments and offsets can reduce interest and shorten the life of a loan when applied consistently.
Book Inspection Now. We’ll show you the duties schedule, living arrangement and the numbers lenders tend to accept.
50,848 +GST(Caretakeing Only)
Manager Unit rent $650/W income, no requirement to live onsite
One to two days per week, for three to four hours during summer, and one to two days per week, for one to two hours during winter.
Gardening tasks include mowing, edging, blowing the driveway, tidying garden beds, watering, and trimming hedges below two metres.
Pool: Weekly water testing ant local pool shop(free) and chemical dosing. (This can be outsourced; the Body Corporate covers chemical costs, and the caretaker covers labour.)
Tennis court: Blow the surface if needed.
Bins: Place all bins on the kerb every Tuesday and return them on Wednesday or Thursday. (This can be outsourced, with payment currently made in cash to a resident for $50 per week.)
Manager Unit rent $650/W income, no requirement to live onsite
One to two days per week, for three to four hours during summer, and one to two days per week, for one to two hours during winter.
Gardening tasks include mowing, edging, blowing the driveway, tidying garden beds, watering, and trimming hedges below two metres.
Pool: Weekly water testing ant local pool shop(free) and chemical dosing. (This can be outsourced; the Body Corporate covers chemical costs, and the caretaker covers labour.)
Tennis court: Blow the surface if needed.
Bins: Place all bins on the kerb every Tuesday and return them on Wednesday or Thursday. (This can be outsourced, with payment currently made in cash to a resident for $50 per week.)
Can I live onsite?
YOU ARE CAN LIVE ONSITE. Some caretaking structures include a manager unit and some do not. This listing references a manager unit currently returning rent and notes no requirement to live onsite.
Is this a true “side hustle”?
It can be, if you treat it like a contracted service role with repeatable tasks and strong compliance. It is not passive.
What experience do I need?
Best results come from buyers comfortable with basic maintenance, contractor coordination, and following an agreement schedule.
How does this help me pay a home loan faster?
Extra repayments can reduce interest and shorten the loan term when applied consistently, especially earlier in the loan.
Do banks factor in buffers when assessing this?
Yes. Borrowers are commonly assessed at rates above the actual rate, and APRA has maintained a 3% serviceability buffer in recent settings.
What’s the fastest next step?
Call 0404 331 310 we’ll confirm duties, and what a lender will likely accept before you waste time
银行说：servicibility 不够？
那就换个思路—--
用一套带收入的自住房，把流水做上去。
这套：
💰 年收入约 $84,648
🕒 每周 1–2 天，轻体力户外活（剪草、浇花、简单维护）
很适合夫妻搭档/半退休人群/想早日「脱班」的人。
这套房按 6% 利率、80% LVR 计算，
贷款 68 万，每个月房贷大概 4 千出头。
但它一年本身会‘给你打工’—--
薪水 + 租金大概 8 万多，
能帮你还掉大部分房贷。
换句话说：
你不是给银行打工，
是这套房子帮你打工。
#流水不够 #买房方案 #管理权投资 #生活方式生意
那就换个思路—--
用一套带收入的自住房，把流水做上去。
这套：
💰 年收入约 $84,648
🕒 每周 1–2 天，轻体力户外活（剪草、浇花、简单维护）
很适合夫妻搭档/半退休人群/想早日「脱班」的人。
这套房按 6% 利率、80% LVR 计算，
贷款 68 万，每个月房贷大概 4 千出头。
但它一年本身会‘给你打工’—--
薪水 + 租金大概 8 万多，
能帮你还掉大部分房贷。
换句话说：
你不是给银行打工，
是这套房子帮你打工。
#流水不够 #买房方案 #管理权投资 #生活方式生意
Search Listings
Search by suburb, “business only”, “caretaking only”, “Brisbane”, “Gold Coast”, “NSW”.
Next step: Call to discuss fit, or request an appraisal if you’re considering a sale.
SIRE IM 6of6 by Jessica dong
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The information contained on this website has been uploaded by SIRE based on information supplied by the owners of the business for sale.
SIRE has not audited or otherwise confirmed this information and makes no representations, expressed or otherwise, regarding this information, and shall in no way be responsible for the content, accuracy and truthfulness of such information.
By requesting this business profile the recipient acknowledges their responsibility to perform a due diligence review prior to any acquisition of the subject business. Intending purchasers should satisfy themselves as to the truth and accuracy of all information by their own enquiries and should not rely only upon the information provided.
The information provided is to be used and accepted as a guide only. The Buyer acknowledges that it is the Buyer’s sole responsibility to verify and confirm all information contained in this document, and the Buyer furthermore resolves not to hold SIRE Brokers and/or its salespeople or authorised personnel responsible for its accuracy, including any liability or loss suffered by them in relation to the information contained in this
document.
LIABILITY DISCLAIMER
The information contained on this website has been uploaded by SIRE based on information supplied by the owners of the business for sale.
SIRE has not audited or otherwise confirmed this information and makes no representations, expressed or otherwise, regarding this information, and shall in no way be responsible for the content, accuracy and truthfulness of such information.
By requesting this business profile the recipient acknowledges their responsibility to perform a due diligence review prior to any acquisition of the subject business. Intending purchasers should satisfy themselves as to the truth and accuracy of all information by their own enquiries and should not rely only upon the information provided.
The information provided is to be used and accepted as a guide only. The Buyer acknowledges that it is the Buyer’s sole responsibility to verify and confirm all information contained in this document, and the Buyer furthermore resolves not to hold SIRE Brokers and/or its salespeople or authorised personnel responsible for its accuracy, including any liability or loss suffered by them in relation to the information contained in this
document.
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