With the average age of first-time home buyers rising in many countries, co-living has become increasingly popular. For most people it may sound like student digs, but communal living blocks are designed for millennials and young professionals. Occupants or ‘guests’ have a micro flat or apartment and access to luxury communal spaces that could include swimming-pools, gardens and in some, even a chicken coop. The units are also built to be ‘green’, for less of an impact on the environment. Global real estate investment platform, Wealth Migrate has teamed up with Australian co-living developer BNTO, formerly known as Six C, to offer co-living investments as a new asset class. Scott Picken from Wealth Migrate told BizNews that co-living has been one of the most resilient asset classes during the pandemic. Added to this, said Riaan van der Vyver, occupancy rates and yield per square metre is high for co-living investments. Jason Eggleton from BNTO told BizNews Australia is an ideal destination for co-living investments, as Brisbane and Sydney are experiencing a shortfall - and says it’s going to take decades for this to change. – Linda van Tilburg
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