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Why Invest in a Co-Living Home?
There is a substantial shortage of good quality rental accommodation for Tenants to rent at an affordable price.
This rental shortage is being acerbated by First Time Home Buyers being unable to break into the Housing Market and being forced back into the rental market.
The Median Cost for a single person to rent is now in excess of $500 a week for shall we say less than attractive accommodation.
A Co-Living Home is a bespoke fully furnished home designed to accommodate 3 x separate individual Tenants affording the Investor 3 x separate income streams of a minimum of $300 a week each ($900 per week combined minimum total.)
15
Years of experience
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Snapshot of Main Points of Attraction for Investing in a Co-Living Home:-
The Co-Living Home has been specifically designed to house 3 independent Tenants.
✓ The Co-Living Home has been specifically designed to house 3 independent Tenants.
✓ Anticipated minimum rental will be $300 per week for each Tenant ie a minimum of $900 a week rental income from 3 distinct and separate income streams.
✓ Hence the investor will be receiving double the yield when compared to a standard/traditional investment property…. And so will provide the Investor with a substantial Cash Flow Positive income from their investment.
✓ This Co-Living model will offer investors the opportunity to invest in purpose built, designer homes that produce superior yields- but also importantly will provide excellent Capital Growth potential.
✓ Co-Living Tenants tend to be young single Professionals (for example Nurses and IT Professionals) in their 30’s looking for somewhere exceptional to rent (but at the same time affordable for them) – resulting in an average tenure of 4 – 5 years for each Tenant.
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Co-Living House and Land Package
Co-Living Properties are House & Land Packages. So they are all purpose built from scratch with an anticipated construction time of 26 weeks (weather and circumstances permitting.)
Co-Living Homes will encompass 4 Bedrooms with Double Lock-up Garage and Back Garden.
There will be 3 Main Bedrooms (for each individual Tenant) + a Media Room which from a resale perspective will be the 4th Bedroom.
Each Co-Living Property will come with a fully comprehensive, upmarket Furniture Package which will include everything – even down to cutlery, TV’s and outdoor furniture.
Co-Living Properties will be available in Queensland, Victoria and New South Wales.
Property Management and Sourcing Co-Living Tenants
Each Co-Living Property Development Group will have their own In-House Co-Living Property Management Team tasked with:-
A) Researching, sourcing and vetting your Co-Living Tenants.
B) The ongoing Property Management and Maintenance of your Co-Living Property.
Depending on the Co-Living Property Development Group selected, the annual Property Management Fee will range between 8% (+ GST) to 10% (plus GST.)
There will also be 1 x week’s rent payable for each Tenant sourced.
Review
What our client says about our service?
FAQ
Most frequent questions and answers
Fee Super Property is our full-service property management offering where our management fee is just $30 per week exclusive of GST. We offer the best property management experience for a low, all-inclusive management fee.
In New South Wales we service Sydney, Wollongong, and Central Coast. In Queensland we service Brisbane, Gold Coast, and Sunshine Coast. In Victoria we service Melbourne, Geelong, and Ballarat.
If you’d like to check if we service your suburb, we have a great suburb checker where you can enter your suburb and/or postcode to confirm that we manage properties where your property is located.
One of our core principles is that property management fees should be fair and reasonable for all property investors. Our all-inclusive fixed fee of $30 per week ensures we provide exceptional service to our clients without the excessive fees many agents charge. In the same way we do property management differently, our fee structure is different to most agents.
We don’t believe in charging 6-8% as well as all the additional incidental fees and sundry fees that many property managers charge. We don’t believe that charging extra for monthly admin fees and statement fees is fair – so we don’t charge them.
Yes! As a client of Super Property, you will have a dedicated local property manager as your point of contact for all things related to your property as well as the support of the entire Certainty Property team.
As local property managers ourselves, we provide all the services that a property manager that belongs to a franchise real estate agent does. The difference is, we do it better and in most cases, for a cheaper property management fee.
By focusing solely on property management, you receive higher levels of service at a lower fee than by going with an agency that relies on the value of their brand as a substitute for innovation and exceptional service.
Finding you a great tenant that will treat your property as if they would their own is arguably the most important thing we do.
When a tenant applies, we’ll screen them against our own internal criteria that considers a range of factors such as the applicant’s rental history, employment history and a range of other factors that we’re legally allowed to consider.
We’ll then make a recommendation to you and importantly, show you the applicant’s entire application so you see what we see with full transparency.