Exciting new Cashflow Positive investment!
Smart investors appreciate the superior benefits offered by Co-Living homes compared to ordinary houses, units or townhouses:
- Higher rental yields (7% – 8% p.a)
- Lower vacancy rates
- Greater tax benefits
- NO body corporate/strata fees
These houses are designed to maximise rental returns and tenant appeal. From the street Co-Living homes look just like traditional family homes. However, clever internal designs allow tenants to share a property, while maintaining a greater degree of comfort and privacy than is normally possible with standard homes.
The example floor plan below shows a 3 bedroom house. Each bedroom provides a Queen size bed, private ensuite, air conditioning, ceiling fan and a smart TV. Communal areas include a living room, media room and covered alfresco. Solar power is installed to keep energy costs low. To optimise rental yields, these homes come fully furnished.
There’s a range of beautiful street facades to choose from. Here’s just a few…
Once construction is completed, the builder’s team of specialist property managers take the reins. Every tenant goes through a careful selection process to ensure compatibility. This includes a personality and interests’ assessment, as well as reference and financial checks. This ensures only the most suitable tenants are approved. Property inspections are conducted quarterly.
NOTE: These properties are not involved in any social housing scheme and they’re not designed for the special needs of NDIS tenants.
Co-Living homes provide owners with flexibility to meet their changing lifestyle needs. Here’s a few ideas:
- Investors – Cashflow Positive returns of $200 – $300 per week after all costs including mortgage payments, rates, management fees and insurance.
- Owner-Occupiers – no more fighting over bathrooms! Perfect for teenagers requiring a private retreat.
- Retirees – supplement your Pension or Super Fund income by renting one or two of the bedrooms.
In SE Queensland, prices typically range from just $525,000 to $625,000. Similar homes in Melbourne or Sydney would cost at least $100,000 more!
Due to the rarity of these properties, they usually sell within days of being released. For this reason, priority will be given to buyers who already have their finance approved. Please read Prepare Yourself for Investment.
Like most houses in Queensland, these are built on a two contract system:
1. Land Contract: $1,000-$5,000 initial deposit, with the balance of a 5% deposit due upon finance approval.
2. HIA Fixed-Price Building Contract: 5% deposit, plus 5 progress payments during construction (approximately 4-5 months to complete).
You only pay stamp duty on the land… a saving of at least $10,000!
To learn more about Co-Living homes, read our Q & A page.
For further information, please contact Brian White on 0418 360 490 or firstname.lastname@example.org
NOTE: Returns will vary depending on your personal circumstances. Always seek independent financial, legal and taxation advice before making any investment decision.