What is the demand for CoLiving Property?
As an investor, you are sitting at the forefront of a growing demand cycle, with very little supply, and also even less supply of suited accommodations to meet the needs of a person wanting and willing to share.
To truly understand the scale of this opportunity, you would want to do your own research into the actual vast depth of this emerging, new market. Below we have giving you a tiny taste to begin your own research.
Flatmates.com.au
According to www.Flatmates.com.au, it is evident that Co-Living Tenants are happy to move up to 15 km for the right property. Research for 10km on Flatmates.com.au demonstrate a strong need for shared accommodations.
When you type in “flatmates willing to pay $250 per week and more, research shows that they will pay up to $40 pw more than advertised for the right property. The demand for shared accommodations is that high.
This type of research makes it abundantly clear that there is a significant undersupply of CoLiving Homes to meet the fastest growth demographic in Australia.
Examples
Burpengary as a location
When one searches on flatmates.com.au for Tenants looking to share, just this one location which includes Beachmere, Bellmere, Burpengary, Burpengary East etc there are 139 people registered on this one site looking for shared accommodations.
Check it out here by number of tenants
Click here to see the incredibly low number of rooms available and also the type of rooms. Only 8 options for 130 people looking??!!?
Loganshire in this example, includes Augustine Heights, Bellbird Park, Blackstone, Brookwater etc where 116 people are registered and looking to share
Check it out here by number of tenants
Click here to see the incredibly low supply of rooms available
One can repeat this exercise above for most locations Australia wide and come up with similiar stat’s clearly demonstrating that there is an incredibly high demand for shared accommodations and very little supply to meet current and of course growing demands.
Demand for Co-Living Property is growing Australia wide
Your investment opportunity
Being aware of the phenomenal demand and giving tenants what they want, is the answer to a successful Co-Living investment.
Survey after survey indicate that a tenant wanting or needing to share accommodations is after the following intrinsic requirements. If you build it … they will come.
- Dedicated CoLiving Home
- Fully Furnished
- Air conditioning in the bedroom also
- Lockable Pantry
- Private Bathroom
Read more here on Demand
