What is a Co-living home?
Co-living homes are a rapidly growing housing concept. Co-living homes are essentially a traditional 3 or 4 bedroom home where residents share common areas such as the laundry, lounge, media and kitchen. Each resident has their own private and secured bedrooms with a dedicated ensuite. With increasing migration, upward inflation trends, cost of living pressures as well as those seeking lifestyle convenience, co-living accommodation has quickly become a new and affordable housing option, particularly among young professionals and students. For investors this provides the opportunity to secure a rental income from each room that is leased as opposed to leasing the entire dwelling under the one lease. Co-living homes generally produce between 6%-9% gross yield.