Same House.
3x The Rent.
We turn an ordinary house into a fully furnished, fully managed coliving home with rent from every room, usually in 5 to 6 months. Already own the house? We convert it. Don't have one yet? We help you find the right one.
See if my house or budget suits
Rent From Every Room.
Fully furnished rooms, bills included, for working professionals- Indicative ensuite room rents: Perth $360 to $390 a week, Melbourne $310 to $330 a week
- Melbourne example: a house renting for $450 a week, now earning $2,070 a week as coliving
- Over 160 residents and tenants managed across Perth and Melbourne
- Specialist coliving management from day one
Thanks, you look like a great fit.
The best next step is a short chat with Melissa to run the numbers on your house or budget and explore your options. Pick a time that suits you.
Explore my options with MelissaWe've got your details.
We'll be in touch. In the meantime, our free investor pack explains how coliving conversions work and what they earn.
Read the investor packAlready Own A House, Or Need One Found?
I already own a house
Your fastest path. We check the layout, plan the rooms, get the approvals, convert, furnish and fill it.
- No purchase, no stamp duty, no settlement wait
- You'll usually need less cash or equity, as the house is already yours
- We tell you honestly on the call if your house doesn't suit
Help me find a house
We help you find and assess a house that works for coliving, then take it from settlement to fully let.
cash or usable equity is a good guide to buy and convert, covering the deposit, purchase costs, conversion and furniture.
Faster Than A New Build.
Rent starts sooner, so your holding costs stop sooner. You're also working with an established suburb and a house you can walk through before you commit.
One Rent Or Six.
A real Perth conversion. The normal rent is an estimate for the same house; the coliving rent is when fully let and is not guaranteed. We'll run the numbers for your house or budget on the call, including loan and running costs.
Two Recent Perth Homes, 6 Rooms Each.
Perth, southern suburbs
| Purchase price | $870,000 |
| Rent | 6 rooms x $370 = $2,220/wk |
| Gross yield | 10.6% |
| Cash flow after all costs, interest only | +$29,590/yr |
Settled April 2026, renovated and furnished by us, approved through council as a coliving home.
Perth, southern coast
| Purchase price | $830,000 |
| Rent (fully occupied) | $2,200/wk |
| Gross yield | 10.8% |
| Cash flow after all costs, interest only | +$30,800/yr |
Four new bathrooms and two extra bedrooms added. Let from May 2026 and fully occupied.
See A Finished Coliving Conversion.
Perth, southern suburbs
A standard 4x2 family home, converted by us into 6 bedrooms, every one with its own ensuite. Fully furnished, styled and ready for residents.
| Purchase price | $870,000 |
| Settled | April 2026 |
| Rooms | 6 bed, 6 ensuite |
| Rent | 6 rooms x $370 = $2,220/wk |
| Gross yield | 10.6% |
| Cash flow after all costs, interest only | +$29,590/yr |
Settled to finished in about 5 months. Hit play for the full walkthrough.
More homes we've converted and manage
We Do Everything. Here's The Timeline.
Strategy call and assessment
We run the numbers on your equity and goals, and assess your house or the houses you're looking at.
Find and settle
We help you find a house that suits 5 or 6 rooms in a strong rental area, then work through to settlement.
Design and approvals
We handle all the tricky council approvals for your property, plus the room layout and the fire and safety plan.
Conversion (including furniture pack)
Our trades add the ensuites and extra bedrooms, and the full furniture pack goes in. You get regular progress updates and photos.
Style, photos and sign off
Styling, professional photos and the final compliance sign-off.
Fully let and managed
We market the rooms, screen every resident and tenant, move them in and manage the home from day one.
A rough guide. Council timing and the condition of the house can move it, and we'll give you a timeline for your property.
We handle
- Finding and assessing the house
- Room design and layout
- All the tricky council approvals
- Fire and safety upgrade
- All trades and project management
- Progress updates and photos
- Furniture and styling
- Photos and marketing
- Screening and move-ins
- Day-to-day management and reporting
You
- Arrange your finance
- Approve the plan
- Receive the rent and your monthly statements
One Team. Start To Fully Let.
Elevate Coliving was founded by Melissa and Andrew Wyers. We design, convert, furnish and manage coliving homes in Perth and Melbourne, so you deal with one team from the first call to the monthly statement. Most of our investors live interstate, and we handle everything on the ground.
What Our Investors Say.
"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."
Gary G Property 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 D System 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."
Ewa O Retired, PerthCommon Questions
Does my house need to be a certain size?
Most of our conversions are 5 or 6 bedrooms. We look at the layout, the block and the suburb on the call and tell you straight if it suits.
Is 5 to 6 months realistic?
That's our typical timeframe from start to rooms let. Council approvals and the condition of the house can move it, and we'll give you a timeline for your property.
Who manages it once it's done?
We do. We find and screen the residents, handle maintenance and compliance, and send you regular reporting.
How much does the conversion cost?
It depends on the house and the number of rooms. We'll give you clear pricing for your property on the call.
Will the bank lend on a coliving conversion?
Usually, yes. Banks generally lend up to 80% of a property's value, so equity in your home often covers your share. We can introduce you to a broker who understands coliving.
Who handles council and compliance?
We do. We handle all the tricky council approvals for your property, plus the fire and safety upgrade and the final sign-offs, in both Perth and Melbourne.
I live interstate. Is that a problem?
Not at all. Most of our investors live interstate, and we handle everything on the ground with regular updates and photos.
Ready To See The Numbers?
Tell us about your house or your budget, and we'll show you what a coliving conversion could earn.
Important information: Rents, timeframes and figures are estimates based on current market evidence and the homes we manage, and are not guaranteed. Timeframes depend on the property, council and approvals. Nothing on this page is financial, tax or legal advice; please seek independent professional advice before proceeding. Elevate Coliving.