CO-LIVING - Student or Professional Shared Accommodation
Co-living is a modern housing concept designed for students and professionals seeking affordable, community-oriented study and living spaces. It typically features private and secure bedrooms alongside share amenities such as bathrooms, kitchens, lounges, workspaces, and recreational areas. This setup fosters a sense of community, making it easy for residents to study, collaborate, and build friendships.
Co-living spaces often include flexible lease options, furnished rooms, wifi, utilities, and cleaning services, reducing daily burdens and providing a streamlined living experience. Aimed at convenience and affordability, co-living appeals to those who value social interaction, shared experiences, and cost-effective urban living in vibrant, communal environments.
LANDLORD INFORMATION
Explore Lucrative Co-Living Accommodation Investments
Are you looking to diversify your real estate portfolio with a high-demand, high-yield investment?
Co-Living (student and professional shared accommodation) offers a unique opportunity to tap into a consistent and growing market.
Investing in co-living accommodation can be lucrative, but it requires careful planning, research, and management to be successful.
Whether you're new to investing or looking to expand your assets, our comprehensive guidance in this type of residential leasing will help you make informed decisions.
Why Invest in Co-Living Accommodation?
- Consistent Demand: South Australian universities draw thousands of students each year, ensuring a steady demand for housing.
- Costs of living: With higher rents and cost of living, more people are turning to other, more cost effective styles of living arrangements to meet their budgets.
- Higher Rental Yields: Renting by the room can potentially deliver higher returns compared to traditional rentals.
- Location Advantage: Properties near universities or educational institutions are typically in high demand. Proximity to amenities like public transportation, shops, and entertainment also add value for students or professionals.
What style of property suits co-living?
- Converted Heritage Homes: Many South Australian cities, especially Adelaide, have historic properties with multiple rooms and spacious common areas, ideal for accommodating shared spaces in a co-living set-up. Heritage homes can create a unique, community-orientated environment with charm and character.
- Large Suburban Houses: Properties in suburban areas with ample bedrooms, multiple bathrooms, and spacious living areas can offer an affordable co-living option. These homes often include outdoor areas, which add appeal for residents.
- Modern Apartment Buildings: Many new builds in urban areas are designed with shared amenities like lounges, gyms, and study areas. Apartments with flexible floor plans or multiple units in a single building make it easy to create a cohesive co-living community.
- Townhouses and Duplexes: Multi-storey townhouses or duplexes allow separate sleeping areas with communal kitchens and lounges, creating a smaller-scale, intimate co-living set-up.
- Purpose Built: A new concept of building style is starting to emerge in Australia and is certainly worth consideration (subject to Council consents), multiple-occupancy, with small individual bedrooms, bathrooms and kitchenettes, but common living areas.
What to Consider?
- Location: Areas that are closer to Adelaide City or close to large university campuses are often the most desirable for students, although budget restrictions can mean travelling a little further for more affordable rent options.
- Property Management: This style of leasing can require more hands-on management due to multiple tenancies within one property, provision of utilities and upkeep.
- Extra Costs: Upkeeps, cleaning, gardening and utilities are included within the lease fixed costs for a tenant to provide consistency.
- Licensing & Regulations: Under South Australian tenancy legislation, all "designated rooming house" proprietors with 5+ bedrooms must register with CBS (Consumer Business Services) and pay an annual fee. We can assist with this process.
Maximising Your Investment
- Market Research: We stay informed about trends in student numbers, university expansions and local market conditions.
- Risk Management: For university students, we work with leasing time frames according to semesters. We will discuss the timing of leasing with you to prepare you for when to commence initial marketing of your property.
- Experienced: With over a decade navigating and evolving with this style of leasing makes us a solid choice for your peach of mind. We are proactive in this area and our results demonstrate our success.
Ready to invest?
This specialist type of leasing is something we excel in at Oaknest Property Management SA.
We understand the complexity of this type of leasing and our experience, dedication and systems make it effortless for you.
We have excellent contacts in sourcing students and are often referred by our students as they vacate and return home or head to other destinations.
We can assist with existing student housing or set up from scratch. We know exactly what is required to maximise occupancy and provide a great home for students during their stay.
If you think this is something you would like to know more about, please contact us to discuss your property and its viability to be successful in this specialised area.
Find out what your Co-Living property can achieve!