HomeAway brings you consistent passive income from your property as a rooming house, without vacancy, agent fees, minor maintenance, or tenant management. For years, not months.
Free quote within 24 hours. No obligation, no lock-in.
Drag the sliders and watch what an empty room in your suburb actually costs you, then see what it costs with HomeAway.
Conservative estimates of what each room earns you as the owner across Melbourne metro. Actual income varies by property.
Estimates only, based on indicative per-room income to the owner in each area. Actual figures depend on property condition, room sizes and configuration. Your guaranteed HomeAway offer is confirmed in your free quote.
No tenant calls. No vacancy gaps. No agent fees. We take on the property as a professional operator, so you receive rent like clockwork.
Tell us about your property. Within 24 hours, we send you an indicative offer customised for your property and a clear breakdown of how we'd operate it, including any setup we fund ourselves.
Our team visits to assess the layout, condition and location in person, then finalises your rent offer, making sure it genuinely matches market value. No guesswork, no inflated promises.
HomeAway signs a 3–5 year residential lease as your tenant. We handle registration, safety compliance, furnishing and tenant placement, all at our cost, not yours.
Rent lands in your account every month for the full term, occupied or vacant, repairs or not. You receive quarterly condition reports without lifting a finger.
A traditional agent takes a fee and leaves every risk with you. We take the risk and pay you a fixed return.
Income certainty comparison is illustrative. Standard lease figures reflect typical vacancy and re-letting periods in Australian metro markets; individual results vary. Structural and capital works remain owner responsibilities as set out in the lease.
Street names shown only. We keep our owners' full addresses and details private, the same way we'd protect yours.
Add your property to the portfolioA rooming house is a hands-on, regulated operation: registration, residents, repairs, reporting. Here is everything we take off your plate, so it never lands on yours.
Rooming house registration, minimum standards, gas and electrical safety checks, fire compliance and resident agreements, all managed end-to-end under current Victorian and WA regulations, with documentation you can audit anytime.
Every resident is screened, inducted and managed by our team. House rules, cleaning schedules and conflict resolution run on documented systems, not goodwill.
Day-to-day repairs and wear-and-tear are handled and funded by HomeAway through our trade network. Your property is professionally maintained because our business depends on it.
Quarterly photographic condition reports, compliance certificates on file, and a direct line to our operations team. You always know exactly how your asset is being looked after.
Real owners. Real leases. Rent that simply arrives.
"I'd had three vacancies in two years with my old agent. Since signing with HomeAway, the rent has simply arrived on the 1st of every month."
"The quarterly reports show the house in better condition than when I handed it over. I haven't taken a single tenant call since."
"I was sceptical about rent guarantees until I had my solicitor review the lease. It's a real residential lease everything is enforceable."
"Retired last year and didn't want the stress. HomeAway pays more than my old agent achieved and there are zero fees coming out of it."
"I'd had three vacancies in two years with my old agent. Since signing with HomeAway, the rent has simply arrived on the 1st of every month."
"The quarterly reports show the house in better condition than when I handed it over. I haven't taken a single tenant call since."
"I was sceptical about rent guarantees until I had my solicitor review the lease. It's a real residential lease everything is enforceable."
"Retired last year and didn't want the stress. HomeAway pays more than my old agent achieved and there are zero fees coming out of it."
"My property sat vacant for 7 weeks before this. Now occupancy is HomeAway's problem, not mine. That alone is worth it."
"Compliance was what worried me most. They handled registration, safety checks and resident agreements and sent me every certificate."
"I live interstate, so hands-off matters. Rent lands monthly, reports land quarterly, and I've never had to chase anything."
"When I sold one of my properties, the lease transferred to the buyer as an income-producing asset. It actually helped the sale."
"My property sat vacant for 7 weeks before this. Now occupancy is HomeAway's problem, not mine. That alone is worth it."
"Compliance was what worried me most. They handled registration, safety checks and resident agreements and sent me every certificate."
"I live interstate, so hands-off matters. Rent lands monthly, reports land quarterly, and I've never had to chase anything."
"When I sold one of my properties, the lease transferred to the buyer as an income-producing asset. It actually helped the sale."
Our agreement is a standard residential lease. HomeAway is simply your tenant, operating under the registered rooming house model. Review it with your own solicitor; your protections are in writing and enforceable like any tenancy.
We operate as a registered rooming house operator. Because your lease stays a normal residential lease, your existing landlord and building insurance arrangements stay in place, just like any other tenancy.
At end of lease, the property is returned professionally cleaned and in documented condition, with fair wear and tear the only difference.
You sign a standard residential lease with HomeAway as your tenant, the same kind of tenancy you already know. We then operate the property as a registered rooming house and pay you a fixed rent for the full term. Because we run and fill the rooms ourselves, our incentive is to keep the property full, compliant and well-maintained the whole time.
It depends on your property's location, layout and condition, so we give you an exact quote only after we've inspected it in person. What we can promise is that the figure will always sit at genuine market value, with no lowball offers.
Yes. Your rent increases each year in line with CPI, so it keeps pace with the market across the full term of the lease.
Nothing changes for you. Vacancy is our risk, not yours. Your rent is paid in full every month of the lease term regardless of occupancy.
Day-to-day maintenance and wear-and-tear repairs are handled and funded by HomeAway. Structural and capital items (roof, foundations, major systems at end of life) remain owner responsibilities, exactly as they would under any lease, and we'll always notify you early with quotes.
Requirements vary by state and council. As part of your free quote we assess zoning, registration requirements and minimum standards for your specific property, and we only proceed where full compliance is achievable. All registration work is handled by us.
Nothing. There are no management fees, letting fees or setup charges. Furnishing and fit-out for rooming house operation is funded by HomeAway. Your only ongoing costs are the ones you'd have with any tenancy: rates, building insurance and capital maintenance.
No. When our lease ends, if you'd like the property returned to its original condition, we'll restore it before handing it back, so you can sell or re-let exactly as you would have otherwise. The arrangement doesn't affect your property's value.
Our lease doesn't change your insurance position. Because we rent your property on a standard residential lease, a policy that already covers a regular tenancy should apply to our model too. We always recommend confirming the details with your insurer before proceeding, for complete peace of mind.
A free, no-obligation quote within 24 hours. If the numbers don't work for you, walk away.
Request my free quoteTell us about your property and we'll send a guaranteed offer within 24 hours. No obligation, no lock-in.