Have just found a web site for Property owners association of NSW and they have a heading under boarding houses. As I own one myself will in the next week or so endeavour to find out more but you can check out the site at http://www.poa-nsw.com.au

Pete

I put this answer on your question under Getting Creative heading but just in case posting here as well.

I have a 13 bedroom in house that I run as a student house where rooms are let individually. The biggest killer is the cost of insurance. Due to fires in hostels over the last couple of years insurance for this type of property has gone through the roof. For my place $560,000 building/contents and 5 million public liability costs almost $10,000 per year now. Also you will need to check with council regards fire regulations, etc

Cheers