Frequently Asked Questions

Below are some of our frequently asked questions. If you have a question that isn't answered here, please feel free to contact us. We are also building a database of Seniors & Singles looking for friends to share a home.

Who is Coliving Australia?

Coliving Australia Pty.Ltd. is a company which designs and builds luxury residential homes for Seniors, Singles, Families and Investors to own or co-own. Each home is purpose built with private and shared areas, all designed and equipped with features which make living easier and safer.

What comprises a Co-Living home?

In a 2 Bedroom home, each has their own Private bedroom, ensuite, spacious lounge (larger homes only), and courtyard. Shared areas include the kitchen, living room, dining area, double garage, and outside BBQ/Alfresco.

In a 3 Bedroom home, each has their own Private bedroom, ensuite, and courtyard. Shared areas include kitchen, family room, dining area, double garage, and outside BBQ/Alfresco.

We have "future proofed" our homes by designing them with step free entry from the street and garage, no steps in the home, wider doorways and passageways, hobless shower recesses and easy access toilets. Options include security tags, panic buttons, swipe doors, and back to base alarms.

Safeguarding you today and in the future.

How does Co-Living Work?

To co-own or own and share a luxury Co-Living Designer home with someone you know and trust, is now a choice for Seniors, Singles, Couples, and Multi-generational families created by Co Living Australia Pty. Ltd.

A one-stop-shop creating residential lifestyle solutions, solving ownership issues and having consideration for safety, location, comfort, style, and affordability.

Can one party own a Co-Living home?

Yes, one party can own a Co-Living home. The one owner or couple can then choose the legal structure of ownership, and how they wish to use the home.

How can I co-own a Co-Living home?

Co-ownership or shared ownership is supported by the design of Co-Living homes. Co-Ownership is suited to ownership as Tenants in Common or ownership through a Property Unit Trust, which is entirely the decision of the purchaser or purchasers.
It is entirely the decision of the purchaser(s) as to how they wish to own the home.
Traditional home ownership is most commonly 2 options, joint tenancy or tenants in common. CoLiving Australia has also introduced a Unit Trust option.

Ownership by way of a Property Unit Trust enables a person to own 50% of a 2 bedroom home or 33.3% of a 3 bedroom home in their own right, having the option to sell their share of the home at any time without affecting the other owner or owners. Also, private areas can be owned as a specific area of the home by each owner.

What if I don't have a friend or relative to co-share with?

Make contact with Co-Living and we will put you in touch with local community networks.

We are also building a database of Seniors & Singles looking for friends to share a home.

Why co-own a home?

Create affordability by paying either half or third of all housing and living costs.

- Establishing greater financial security.
- No longer living a lonely and isolated life.
- Living with a chosen friend, providing a sense of companionship.
- Optimise Health & Safety by no longer living alone.
- Maintaining Independence and quality of life.
- Living with peace of mind, enjoying life everyday.
- Best of both worlds, living with privacy and shared spaces.

For Seniors in particular :

- The Coronavirus will change Seniors thinking about their housing future.
- Retain Capital Gains unlike Retirement Villages where you can lose up to 25% of your investment.
- To co-own a home is a fresh approach to Retirement living.
- Stay connected to family and places you know and love.
- Enables Seniors to age in place, and remain in their family communities.
- Facilitates Seniors to Downsize, live with a friend, and cash up.

Can I mortgage my share?

Yes, subject to sole agreement with the other co-owner or co-owners.

Can I rent my share to a third party?

Yes, subject to agreement by the Co-owner or Co-Owners.

Is the home furnished?

There is a choice between Furnished and Unfurnished.

Do I need a Conveyancer / Solicitor?

Yes, each and every buyer must seek independent advice.

Is a Co-Living home suitable for a Family?

Yes, Australia's cultural diversity where blended families live together, combined with Co-Living's shared homes designed with private and communal living spaces, inclusive of quiet areas, lounges, courtyards, office, and study nooks, suit elderly parents, young grandchildren, young adults, and middle aged adults to live together under the one roof.

Is a Co-Living home suitable for Investment?

Yes, Co-Living is fundamentally changing the viability of residential investing by reshaping the way Australian's live. The house from the outside looks the same, but from the inside it is not, as every square metre is optimised for rental returns, unlike a standard investment home.

Underpinning Investors of Co-Living homes is the fact that 76% of people searching for rental accommodation are Singles or Couples, whose Co-Living homes are designed for in all ways.

The opportunity for increasing rental returns becomes apparent for 2 or 3 self contained bedrooms all with ensuites and shared communal areas to relax and live.

For example: A standard 3 bedroom home in Regional Victoria rents on average for approximately $350pw. A Co-Living home rented to 3 single tenants can achieve between $200-250pw per tenant, as each has their own private luxury space with ensuite together with shared living areas.
Three rooms achieving rentals of $225pw per tenant will return $675pw, a vast improvement on the same sized Regional Family Home renting for $350pw.
You have just increased your rental return by 92%.

The smart investors understand that property investment is all about occupancy, so the more rental agreements on one property reduces the risk of someone moving out or losing a job, and so protecting your rental income stream. Comparing market rates for the rental rate of a one-bedroom dwelling to the rental rate of a Co-Living home, the Co-Living home is almost always more affordable especially when all living expenses are shared. Renters benefit from a purpose built shared home with ensuites to every bedroom and multiple shared spaces.

Can multiple people own or invest in a Co-Living home?

Yes.

How many people live in Single Person Households?

The Australian Bureau of Statistics estimates 2.75 million people will live in Single Person Households by 2025, caused by ageing population, longer life expectancy, increase in divorce, seperation, and delay in marriage. Everyone wants the same things for a good life : autonomy and choice, purpose, family and friends, good health, and financial security.

Co-Living Australia offers a solution for Seniors, Singles, and Multi-generational families by introducing Shared Home Ownership of a home. Co-Ownership enables the cost of housing and living expenses to be shared equally.

Is this NDIS or SDA?

Co-Living Houses can be designed to suit people with disabilities, and can be registered under the National Disability Insurance scheme (SDA).
For Specialist Disability Accommodation (SDA), please visit our sister company Secure Housing Australia Pty. Ltd. at www.securehousing.com.au

info@colivingaus.com.au
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