Investor pack · October 2026
Coliving New Builds in Perth
How our purpose-built 5 and 6 bedroom coliving homes are priced, how they earn, what it really costs, and what we do once it's built.
How our purpose-built 5 and 6 bedroom coliving homes are priced, how they earn, what it really costs, and what we do once it's built.
Each ensuited room is let on its own agreement, fully furnished with utilities and internet included. Rent comes from five or six residents rather than one household, so one vacancy doesn't stop your income.
The 6x6 adds a sixth ensuite room: five rooms at about $360 plus a couple's room at about $450, so about $2,250 a week or $117,000 a year.
Gross yield is the yearly rent divided by the land and build price. On a $1.09M to $1.17M package that works out at about 8.4% to 9.3%. The same Haynes home let as a standard rental at the suburb median of $720 a week returns about 3.4%.
Gross yield is before running costs. As the owner you pay the utilities, internet, rates, insurance, maintenance and management for a coliving home. Section 3 lists what to budget for.
From our property management records as at 3 October 2026. Residents and tenants housed counts individual agreements since May 2023. Occupancy is across our WA coliving homes. Past results are not a forecast for any particular property.
Two homes, both fully ensuited and let room by room. The 5x5 is our smallest home, because anything smaller doesn't deliver good cash flow. Example uses a Haynes lot with an 80% loan, interest only at 6.5%.
| 5 bed, 5 ensuite | 6 bed, 6 ensuite | |
|---|---|---|
| Land + build | $1,091,241 | ~$1,143,000 |
| Cash or equity to plan forDeposit, duty, 1B fire & safety, furniture, legal, interest while building and a buffer | ~$350,000 | ~$360,000 |
| Estimated rent per week | $1,920–$1,950 | $2,250 |
| Gross rent per year | ~$100,000 | $117,000 |
| Less loan interest80% loan, interest only at 6.5% | −$56,700 | −$59,400 |
| Less running costsManagement, utilities and internet, rates and water, insurance, maintenance and an allowance for vacancy | −$34,000 to −$39,000 | −$42,000 to −$45,000 |
| Estimated cash flow per year, before tax | +$5,000 to +$10,000 | +$13,000 to +$15,600 |
| Estimated gross yield | ~9% | ~10% |
| Availability | Lots available now | Limited lots |
Estimates only, not financial advice. Fully let, furnished, bills included. Your numbers depend on your lender, structure, lot and tax position, and we'll model them with you on a call. New homes usually attract strong depreciation; ask your accountant and a quantity surveyor.
Every package is a 5 bedroom, 5 ensuite, double garage home of about 163m² on a 375m² lot. Prefer a 6x6? Suitable lots are limited, so ask us what's available or bring your own block.
| Estate | Land | Build | Package | WA duty (land) | Est. rent /wk | Est. gross yield |
|---|---|---|---|---|---|---|
| HaynesCity of Armadale · 30 km to CBD | $448,125 | $643,116 | $1,091,241 | $15,304 | $1,920–$1,950/wk | 9.1–9.3% |
| EglintonCity of Wanneroo · 43 km to CBD | ~$470,000 | ~$630,000 | ~$1,100,000 | ~$16,340 | ~$1,900/wk | ~9.0% |
| Henley BrookCity of Swan · 18 km to CBD | ~$540,000 | ~$630,000 | ~$1,170,000 | ~$19,665 | ~$1,900/wk | ~8.4% |
Haynes is a confirmed package price. Eglinton and Henley Brook are current indicative prices (October 2026); each lot is priced individually once site costs are checked. Transfer duty is estimated at the WA general rate on the land price only, because you buy the land and sign a separate build contract.
No surprises later. These are the costs on top of the land and build price.
| 1B fire & safety packageInterconnected hardwired alarms, evacuation lighting, fire separation | $11,000 inc GST |
| Furniture & fit-out packageEvery room and the common areas, delivered, assembled and photographed ready to let | $30,000 inc GST |
| WA transfer dutyOn the land only, see the table in section 2 | $15,000–$20,000 |
| Settlement agent & legal fees | $1,500–$2,000 |
| Interest during constructionOn the land loan and progress payments. Depends on your lender | Lender dependent |
| Selections or site works beyond the base specification | If applicable |
Utilities and internet (you pay these, because they're included in the residents' rent), council rates and water, landlord and building insurance, maintenance, and our management fees below. We'll give you a full cash flow for your chosen lot on a call.
Titled land usually settles within 30 to 60 days, so you'll want land and construction finance approved early. You'll pay interest and rates on the land while the home is built. A mortgage broker who understands construction loans is worth involving from the start.
| Property managementOn rent actually collected, so we only earn when your rooms are let and paying | 12% + GST |
| Letting feePer room, on each new placement | 1 week's rent + GST |
| Entry condition reportPer room, at the start of each agreement | $110 inc GST |
Advertising, routine inspections and your annual financial summary are included at no extra cost.
"Thanks to Melissa and investing in coliving, I've cut down my hours at work to part-time and have so much more time with my family and young son. The passive income from my two properties is over $50k, and their seamless service has given me the confidence to go for my third."
Gary GProperty investor, Sydney"This is the start of my journey to time freedom. The Done-For-You service was incredible, and my first property is already helping me earn around $25k in passive income."
Daniel DSystem administrator, Sydney"We are very happy with Melissa and her company Elevate Coliving in being able to keep our investment running at full capacity, unlike our previous company. If you are looking at this type of model to invest don't cut yourself short, join Mel and do well!"
Ewa ORetired, Perth| Home | Layout | Rent when fully let | Fully let in |
|---|---|---|---|
| Girrawheen | 6 bed, 6 bath | $2,101/wk | 2 weeks |
| Bertram | 5 bed, 5 bath | $2,200/wk | 2 weeks |
| Joondalup | 6 bed, 5 bath | $1,960/wk | 3 weeks |
Weekly rent when fully let, December 2025. Past results don't guarantee future rents.
Most of our investors don't sell anything to get started. They use cash, usable equity in their home or another property, or both.
Banks generally lend up to 80% of a property's value. Usable equity is that 80% figure minus what you still owe. A home worth $900,000 with a $400,000 loan has about $320,000 of usable equity, which is close to the cash needed for one of our homes.
You can buy in your own name, a company or a trust. From 10 August 2026 a self-managed super fund can no longer borrow to buy residential property, though it can still buy with its own funds. The right structure depends on your situation, so speak with your accountant before you commit.
We're not lenders or financial advisers. A mortgage broker who understands construction loans is worth involving early, and we're happy to work alongside yours.
| Risk | How we manage it |
|---|---|
| Empty rooms | Income comes from five or six residents, so one vacancy doesn't stop your rent. We market, screen and place residents ourselves, and our Perth homes have let fully in two to three weeks. |
| Compliance | The 1B fire & safety specification is designed in from day one, not added later. We handle agreements, security deposits and ongoing compliance. |
| Build delays or cost changes | Ten months is a typical build and we allow up to twelve. Prices are fixed when you sign the building contract, and site costs are checked lot by lot before you commit. |
| Interest rates | We model your numbers at today's rates and show ranges. Talk to your broker about buffers and fixed or variable options. |
| Wear and tear | Shared homes see more use. Routine inspections, entry condition reports for every room and quick maintenance keep small issues small. |
| Resale | A coliving home suits a smaller pool of buyers than a standard family home. Coliving is a long-term income strategy, so plan to hold. |
Rents and yields are estimates, not guarantees. Please get independent financial, tax and legal advice before you proceed.
A 20 minute call is the quickest way to work out whether a coliving new build fits your finance, goals and timeframe. If it doesn't, we'll tell you. If you've already picked a call time, our team will ring you then.
Elevate Coliving · 1300 COLIVING (1300 265 484) · info@elevatecoliving.au
Important information. Prices are indicative and subject to change due to land availability and construction costs, and are only fixed on signing a formal building contract. Rental figures and yields are estimates based on current market evidence and our managed homes, and are not guaranteed. Duty estimates use the WA general rate and may differ for your circumstances. This pack is general information only and is not financial, tax or legal advice; please seek independent professional advice before proceeding. Elevate Coliving Projects Pty Ltd.