Co-living
Co-living investment properties are purpose-built residential assets designed to maximise cash flow through individual room leasing within a single dwelling.
Unlike traditional residential investment properties that rely on one tenancy, co-living homes operate as multi-tenant investments, allowing property investors to capture diversified rental income streams and stronger overall yield performance.
Demand for affordable shared accommodation continues to rise across Australian metro markets and growth corridors, driven by young professionals, key workers and long-term renters.
By reducing reliance on a single tenant, co-living investment properties can lower vacancy exposure and support steadier cash flow compared to standard houses or apartments.
Co living
- $ 948,550
Gross Return
$ 52,000
$ 52,000
Gross Yield
5.48%
5.48%
Capital Growth
9.35%
9.35%
Vacancy Rate
1.43%
1.43%
Lot 607 - Co-Living Worden Way - Munno Para West
Munno Para West, Adelaide, SA, 5115
House and Land
Co living
- $ 944,600
Gross Return
$ 39,000
$ 39,000
Gross Yield
4.13%
4.13%
Capital Growth
9.12%
9.12%
Vacancy Rate
0.49%
0.49%
Lot 642 - Co-Living Orley Avenue - Ingle Farm
Ingle Farm, Adelaide, SA, 5098
House and Land
Featured
Co living
- $ 1,544,500
Gross Return
$ 126,360
$ 126,360
Gross Yield
8.18%
8.18%
Capital Growth
5.76%
5.76%
Vacancy Rate
0.82%
0.82%
Proposed St, Lalor VIC
Lalor, Whittlesea, VIC, 3075
Co living
Featured
Co living
- $ 1,549,750
Gross Return
$ 126,360
$ 126,360
Gross Yield
8.15%
8.15%
Capital Growth
6.11%
6.11%
Vacancy Rate
0.88%
0.88%
Proposed St, Thomastown VIC
Thomastown, Whittlesea, VIC, 3074
Co living
Featured
Co living
- $ 1,225,000
Gross Return
$ 119,340
$ 119,340
Gross Yield
9.74%
9.74%
Capital Growth
7.71%
7.71%
Vacancy Rate
2.29%
2.29%
Lot 202 102 Twin Ranges Dr, Warragul VIC
Warragul, Baw Baw, VIC, 3820
Co living
Featured
Co living
- $ 1,002,400
Gross Return
$ 62,400
$ 62,400
Gross Yield
6.23%
6.23%
Capital Growth
9.73%
9.73%
Vacancy Rate
1.34%
1.34%
Lot 47 - Co-living Arbourwood Estate - Morayfield
Morayfield, Moreton Bay, QLD, 4506
House and Land
Featured
Co living
- $ 1,570,000
Gross Return
$ 126,360
$ 126,360
Gross Yield
8.05%
8.05%
Capital Growth
7.18%
7.18%
Vacancy Rate
3.31%
3.31%
Lot 13 Huntingdale Court, Craigieburn VIC
Craigieburn, Hume, VIC, 3064
Co living
Featured
Co living
- $ 1,411,500
Gross Return
$ 57,200
$ 57,200
Gross Yield
4.05%
4.05%
Capital Growth
9.88%
9.88%
Vacancy Rate
4.74%
4.74%
Lot 522 Proposed St, Cobblebank VIC
Cobblebank, Melton, VIC, 3338
Co living
Co living
- $ 800,763
Gross Return
$ 52,000
$ 52,000
Gross Yield
6.49%
6.49%
Capital Growth
6.76%
6.76%
Vacancy Rate
5.43%
5.43%
334 Arianna Street Wyndham Vale, VIC 3024
Wyndham Vale, Wyndham, VIC, 3024
Co living
Co living
- $ 690,488
Gross Return
$ 42,120
$ 42,120
Gross Yield
6.1%
6.1%
Capital Growth
6.88%
6.88%
Vacancy Rate
1.65%
1.65%
1105 Sherwood Road Huntly, VIC 3551
Huntly, Greater Bendigo, VIC, 3551
Co living
Co living
SMSF
- $ 1,570,000
Gross Return
$ 119,340
$ 119,340
Gross Yield
7.15 - 8.05%
7.15 - 8.05%
Capital Growth
7.18%
7.18%
Vacancy Rate
3.31%
3.31%
13 Huntingdale Court Craigieburn, VIC 3064
Craigieburn, Hume, VIC, 3064
Co living
Co living
- $ 800,339
Gross Return
$ 54,080
$ 54,080
Gross Yield
6.76%
6.76%
Capital Growth
6.75%
6.75%
Vacancy Rate
2.53%
2.53%
144 Kildare Street Sunbury, VIC 3429
Sunbury, Hume, VIC, 3429
Co living
Frequently Asked Questions
Co-living is a professionally run share-accommodation model: a single dwelling (or purpose-built building) with several private bedrooms, generous shared living and kitchen spaces, and usually bundled services such as utilities, internet and cleaning of common areas. Tenants rent a room rather than the whole property, so the investor earns multiple rents from one asset.
The core appeal is higher gross income multiple room rents from one building typically exceed what a single whole-of-house tenancy would earn combined with income diversification, since one vacant room does not stop all the rent. It targets the structural, ongoing demand for affordable, flexible, well-located accommodation.
Co-living” is a market and branding term, whereas “rooming house” is a defined regulatory category with registration, building-classification and minimum-standard obligations once you cross certain occupant or room thresholds. Whether a given co-living property is legally a rooming or boarding house and therefore subject to those rules depends on the configuration and the local council’s definitions. The regulatory test, not the marketing label, is what governs your obligations
It is operationally heavy: higher management input and cost, exposure to planning and zoning rules, higher tenant turnover among room-renters, and a narrower resale market because the layout appeals mainly to investors. Fit-out and furnishing also raise the upfront capital. The strong gross yield needs to be tested against these higher running costs to find the real net return.
Often, yes particularly once a property crosses the thresholds that trigger rooming or boarding-house classification, where planning consent and a building reclassification may both be required. Requirements vary by state and council. Confirm the planning and building position for the specific property before buying.
Expect management fees above standard residential rates, plus the utilities, internet, common-area cleaning and garden maintenance. These ongoing costs are why an attractive gross yield can settle to a more ordinary net return, and they are the main reason many owners use specialist co-living managers.
Typically, young professionals and singles who want affordable, flexible, amenity-rich accommodation in good locations a segment that tends to grow whenever solo renting becomes less affordable. Well-run, well-located co-living generally enjoys solid demand and higher rental income.
More cautiously than a standard house, because multiple tenancies, specialised use and potential rooming or boarding-house classification can affect valuation and lending appetite some lenders treat it closer to commercial-residential. Expect tighter terms and confirm financing before committing to a purchase or conversion. In most cases investors will require a 30% deposit.
Each room is typically let on its own agreement, so you're managing several shorter, independent tenancies rather than one household on a single lease more administration, more frequent turnover, and more rent payments to track and chase. The upside is income diversification: a vacancy in one room doesn't stop all the rent, which smooths cash flow. The residential tenancy rules that apply to room-by-room or rooming-style arrangements vary by state, so confirm which framework governs your agreements and what rights and obligations come with it. Specialised property managers who handle co-living can take on much of this administration on your behalf.
Income-focused investors attracted to the higher gross yield who are comfortable owning a more specialised asset with multiple tenancies and compliance obligations — even though a specialist manager can take on most of the day-to-day work. It's less suited to those wanting the simplicity of a single, mainstream tenancy.
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- Dedicated In-house Project Manager.
- High-yielding properties.
- Independent rental assessment.
- Full turnkey properties, 'Ready to Rent'.
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- Investor or SMSF.
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract
