Co-Living

An all-round smarter investment. 

    High Income & Capital Growth

Dwelling Supply

  • Nationally, there are 30,000+rooms
  • Flatmates.com.au has approx 15,000 rooms
  • Less than 75% are furnished
  • Less than 30% are dedicated Coliving
  • Less than 5% have a private bathroom

Tenant Demand

    • Nationally there are 55,000+ tenants
    • Flatmates.com.au has approx 20,000 tenants

Census data (2016) states:

  • 2016 – Lone person households were 2,300,400
  • 2041 – Lone person households projected 3,523,800
  • 2041- 24% to 27% of all households to be lone person

Building Regulations

IB Construction

  • Rooming Accommodation Act 2008
  • QLD Residential Services
  • AS1428 – Accessible Design

Insurance

  • QDC MP 5.7 – Fire Safety
  • AS3786:2014 Smoke Alarms
  • AS3745:2010 – Planning for Emergencies
  • AS2444:2001 – Fire Extinguishers

Research Based Design

  • 4 bed 3 bath traditional home
  • 3 tenants with private bathrooms
  • Lockable pantries
  • Dedicated Coliving
  • Fully Furnished
  • Individual A/C
  • Solar Panels
  • Data & TV points to each bedroom

Finance & Construction

  • Standard residential lend therefore lower interest rates
  • Traditional housing product which better supports a challenging “valuation environment”
  • Lower construction cost than other high income properties

Property Management

  • Co-living specialist
  • Furniture procurement and installation
  • Form 18 General Tenancy
  • House Rules
  • Tenant matching
  • 3 bonds
  • Quarterly inspections (per tenant)
  • Direct approach & selection opportunity
  • Rental guarantee if required
  • Recovery of outgoings
  • Appropriate insurance coverage

Exit Strategy

  • Sale to investor based on yield plus
  • Sale to owner occupier based on location and design

Research

We collected feedback from 1300+ coliving respondents and found that:

  • Average age of tenants is 33
  • Average tenure is 4-5 years
  • Will pay $50 p.w. more than advertised

Respondents identified the below items as being critical:

  • Private Bathroom
  • Lockable Pantry
  • Dedicated Coliving (no live-in owner)
  • Fully Furnished
  • Air Conditioning

tenants willing to move within 15km radius