Living, Differently

Living, Differently The Future of Co-Living in Australia 8 9 Co-Living’s Value Proposition COMPARING THE COST OF RENTING suburb*. For a tenant renting for 12 months, this can mean savings of thousands of dollars, even before factoring in the upfront cost, time and hassle avoided by not having to buy furniture or arrange utilities. The offer is therefore not simply about paying less for less space. For many tenants, the combination of high-quality shared amenities, flexible tenancy terms and a single inclusive rental payment can more than offset the smaller private bedroom, particularly for renters who value convenience, certainty and speed of move-in. Co-Living is often perceived as a premium product relative to the wider residential market and therefore only accessible to higher earners. In practice, its value proposition is different: rents are typically positioned against the all-in cost of living alternatives, with benchmarking usually focused on Build to Rent studios or one-bedroom apartments in the established rental market. The level of discount will vary by room size, amenity provision and specification, but across two sample Co-Living assets in Sydney, Co- Living rents represented a 12% saving compared with the average one-bedroom rent in the wider Priv Priv ate r ate r ental ental Co-Livin Co-Livin g g $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $795 $740 $685 $565 Rent pw ($ AUD) Eastern Suburbs Source: Savills Research Southern Sydney Base Rent Electricity Gas Internet Furniture *Compares the average Co-Living studio rent across 2025 with the average 1-bedroom rent for the respective suburbs. Uses NSW averages for utilities and IKEA furniture costs, spread over the 12 month tenancy period. Indicative example only. Apt. Residential, Meadowbank