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Co-Living Property

The shortage of well-located affordable rental property and changing household demographics has given rise to increased demand for co-living property.

Co-living properties are a new type of multiple income property designed to allow separate tenancies within one property. These properties are specifically created for individuals who want to share living spaces while maintaining privacy and comfort.

The plus for investors are yields well above what can be achieved through a typical stand-alone property.

Many people assume co-living is for students on a short-term basis, but the reality is substantially different. The median age of co-living tenants in Queensland is 38. These are generally busy working people who are looking for stability and security and are seeking some level of social interaction rather than the isolation that comes with living alone.

Qld alone presents a substantially under serviced market with 23.5% of households being single according to the ABS. A review of Brisbane alone indicates that current supply of available co-living accommodation only meets 12% of required demand.

Purpose designed co-living properties typically feature:

  • Larger bedrooms allowing tenants more room to live comfortably.
  • Separate ensuites for convenience and privacy for each tenant
  • Lockable pantries: providing individual storage areas for each tenant.

To find out more about Co-living as an investment option book in a call with me for an initial chat. Simply click here to go straight to my calendar to make a time. 

I look forward to being of help.

Greg Carroll
More Than Accountants