Co-Living Investment
High Income Meets Capital Growth. A socially conscious residential investment with a better- than -market income return.
The Concept
An innovative new concept designed to address the chronic shortage of affordable rental accommodation for singles, widows/widowers and mature seniors.
The Positives
We partner with socially conscious investors to provide safe, comfortable homes for the tenants, whilst delivering to you the investor better – than- average – market residential rental income returns.
The Supply
There are two major suppliers of Co-living properties at this time in South East Queensland locations. My Property Shop Australia works with both suppliers, providing the best options to our clients.
What is Co-Living
Co-living is a new style of housing that provides residents with modern new convenient living. This is done by the provision of a lockable private bedroom and personal ensuite, coupled then with shared living facilities and conveniences eg kitchen, laundry and garaging and outdoor areas. Properties Enrolled as Specialist Disability Accommodation with the NDIS are eligible to have the rent paid by the NDIS for eligible participants offering well above average returns. The Property is managed by a licenced provider, including the sourcing of participants. Each property is different, catering to the demographic of different locations & participant needs. Furnishing is factored in. Participants/NDIS pay normal household costs & utilities.
The Demand
There are over 30,000 rooms nationally required to house this type of tenant (based on current ads) On website Flatmates.com there is demand for over 15000 rooms currently! Mature aged tenants: – There is a significant lack of suitable and friendly and safe accommodation for this market sector – population of seniors aged above 65 years of age is set to double by 2056 – Over 14% of seniors rent accommodation – Older women particularly embrace the “secure” accommodation and enjoy the shared experience whilst feeling safe and secure – widows and widowers also make up a large number of these potential tenants – Singles: Age group from 33 to 45 is the most popular age group amongst this group They want modern clean and convenient accommodation near to all services and facilities with usually good public transport available nearby.
Rental Estimate
We provide you with rental income estimates which have been supplied by experienced professionals in residential property management. Income yields vary from 7% to over 10% gross yield. This is also coupled with a rental guarantee (3 year or 5 year) Indicative rental per room basis: currently for a 3 bedroom home with 3 individual tenants – $220 per room to $280 per room (varies with location/based on current market rental) Maximum size of house – 3 individual tenants only – 3 individual bedrooms with ensuites. Income streams: For you the investor there is also added income for you – Solar, the income earned from selling into the grid is paid to you the investor.
For The Investor
We can supply Co-living investment opportunities supplying the information on location for growth potential as well as for tenancy demand, plus the house and land package coupled with Income estimate. Our management companies for Co-living act as the property managers taking full control of the leasing procedure making your investment hassle-free whilst your returns are maximised. Current Management fees vary between 8% plus GST to 9% plus GST. You do not have add on costs re your leasing eg photography, advertising for tenants, NO letting fees!
The Co-Living Design
Homes are designed to feature convenient and useable shared living areas. These homes feature a “collaborative” culture where residents can share similar interests, and similar values and look after one another. A resident’s bedroom is their own personal lockable private space – this is supplied with an individual private bathroom and wardrobe. In the kitchens tenants have their own lockable pantry area.
More Information
Ask us for additional information on suitable locations, land prices and construction costs, home designs and investment budgets We will provide you with property presentations including home designs and income estimates, plus location growth reports and advice, plus introduce you to specialists in this field including introduction to the Property Managers.
