Co-living has been touted as one way to combat the housing crisis, but some say the concept is about maximising rent

  • 📰 abcnews
  • ⏱ Reading Time:
  • 68 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 83%

Queensland News

Qld,Housing,Rental Crisis

With growing demand for share houses, some say co-living could be the alternative — but others say it's just a marketing ploy.

Co-living has been touted as one way to combat the housing crisis, but some say the concept is about maximising rentMore than 350,000 Australians are living as part of a group household according to data from the Australian Bureau of Statistics — more than ever before.

The developer coins it as "high income meeting capital growth" with the rooms available to rent across south-east Queensland, including in Deception Bay, Logan and Upper Coomera. Victorian House and Land Specialists development group says a three-bedroom co-living property yields higher rental returns compared to renting it as a standard home, calling the concept a "lucrative investment".

"Winding back our expectations … for the idea we're gaining housing affordability, is basically a race to the bottom. "If are doing new builds in established areas, with established homes, and they think there's a demand , is it a missed opportunity in terms of future planning?," Dr Wyeth asks.Take a look at three households embracing communal living to see if Australians can adapt their way of life as housing becomes ever more unaffordable.

"We need homes in a variety of different forms and tenures to make sure that family's needs are being met."According to Tim Dean, a senior philosopher at the Ethics Centre, the concept of co-living is "a capitalist response to a social problem"."But when we look at this particular solution... it's speaking very much to the commercial benefit to the owner of that property, who is then renting it out," he says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gray pays $115 a week in rent. But there’s a catchCo-ops are touted as a solution to the housing affordability crisis, so why are there so few in Australia?
Source: smh - 🏆 6. / 80 Read more »

Northern Rivers homeless struggle after floods with lack of affordable housing, cost-of-living crisisNorthern Rivers flooding, the lack of affordable housing, and the cost-of-living crisis hit rough sleepers with a triple whammy as many sleep in tents while waiting for public housing.
Source: abcnews - 🏆 5. / 83 Read more »

Retirement communities could ease housing shortage while improving outcomes for older Australians, peak body saysBy freeing up more properties for families, over-55 resorts could become a crucial part of the puzzle addressing Australia's housing crisis, according to the nation's peak retirement living body.
Source: abcnews - 🏆 5. / 83 Read more »

NSW social housing residents say maintenance requests slipping through the cracksPeople living in New South Wales social housing say they are facing long waits to have their homes repaired, leaving them feeling 'unappreciated and not worthy as human beings'.
Source: abcnews - 🏆 5. / 83 Read more »

Sydney’s housing crisis is no place for low-rent NSW Liberal politicsThe NSW Liberals are working to tear down legislation aimed at Sydney’s housing crisis but remain tight-lipped about how they will solve the problem.
Source: smh - 🏆 6. / 80 Read more »

Immigration clampdown: Chinese international students slam migration cutInternational students say they are being unfairly blamed for Australia’s housing crisis after the Labor government moved to clampdown on migration.
Source: FinancialReview - 🏆 2. / 90 Read more »