I've often thought about getting a few Uni girls to stay too , but then I'm a male hahaha .

That place looks not too bad -- I assume you would put locks on each bedroom door , and likewise that you would claim the Master and en-suite ? I can't quite work out how the 'enclosed covered deck' works -- is it glass or perspex roof or similar ? Likewise , the entertaining terrace downstairs -- where does the light get in , as I assume the upstairs one is a concrete slab floor ?

The kitchen / lounge may be too small if you have seperate meals , and/or friends come to visit , but it can probably be worked around . There looks to be enough toilets and showers , but are there rules about maximum numbers and/or noise levels , even body corporate rules ( or is this stand-alone ? ) and even parking spaces required ?

Another possibility may be ( depending on your situation ) to buy this , rent your existing place out , and then if this idea doesn't turn out to be suitable , you could maybe move back to your existing place ?

Depends on what you really want and what council would allow and if you have money left to do a little more work, but there are several potential rentable spaces here. If it was possible/ legal I would claim the upstairs front section as “my” private domain, then add a kitchenette/ small table & chair to one of the back upstairs rooms (ie bed 4 or 5) to make one mini unit, and repeat this (in either bed 2 or 3) and section off to make mini unit two, then add a bathroom to the guest studio for mini unit three, in addition to your space. The laundry and outdoor spaces could be shared. These small spaces could suit Airbnb or uni students but would likely be a bit small for other long term renters.

This would all come with a cost and need council approval but could maximise income.

For pricing and an indicator of demand and standards, go on Airbnb and look and compare.

Given that there is only an internal stair in the centre of the house. you would in effect be offering a B&B.
The so bedrooms at the back of the upper deck are very narrow and not really a great standard.

assuming you are fit enough to cope with stairs short term upstairs for you and downstairs for short term, student and/or overnight rentals and long term a renovation to have your own accommodation downstairs closer to the garden and space for the dogs with upstairs for holiday and short term accommodation but as usual depends on budget and/or you could get daily company by being involved in volunteering in a wide range of interesting services or if you're really keen there's always a demand for people who can foster children in need

Audrey

In Brisbane we can legally create a house with semi-self-contained units/flattettes. This can be done without a Develpment Approval. It does need a Building Approval, but for the changes you might need, you woudl need a Buidlign Approval anyway.

These houses in Brisbane can consist of up to five bedrooms (assuming 1 person per bedroom) which can be ensuited and have a tea bench (small hotel like kitchen). You then provide a share kitchen and laundry. Ideally, you could also incorporate a common room. This house appears to have good bones to achieve this.

With Airbnb I am currently doing similar to what you are looking at (although in Spring Hill). They take only 3%. My house needs renovation, but in there $180/week gives them a room and share bathrooms and kitchens and all bills paid.

This property you are looking at has this opportunity immediately. With not much work you could provide a mix of products with several ensuited rooms as well as just rooms.

If it was me, I'd be claiming the rear as mine and renting the house's front bits. I think you could bring up to $600/week depending on the condition of the property and location (again assuming you kept the two rear rooms and rumpus as your retreat with garden facing rooms (so you can keep an eye on the dogs, tend a garden and have an escape from the rest of the house. This is not to say you have to totally exclude tenants from access to it.

If you want to chat more please feel free to contact me. The house appears to have great potential.

Cheers

David ( an Architect who believes in living small and economically without missing out on the luxuries home can provide)