One Perth home.
Five rents.
~$1,950/wk.
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How a 5 bedroom, 5 ensuite coliving new build earns an estimated ~9% gross yield. 3 quick questions, then it's in your inbox.
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How ~$1,950 a week adds up.
One block. One build. Five rooms, each with its own ensuite and its own agreement, fully furnished with bills included.
Estimates based on current Perth room rents for a house and land package of about $1.1M. Not guaranteed. The pack shows the full costs, including furniture, fire and safety, and holding costs.
What you'll find out.
- 01Why one home can out-earn three rentalsHow five ensuited rooms on their own agreements earn far more than one household.
- 02The full cost pictureLand, build, furniture, fire and safety, and holding costs, so there are no surprises.
- 03How to fund itWhat cash or equity to plan for, and how investors use equity they already own.
- 04What we do after handoverFinding residents, rent collection, maintenance and compliance, and what it costs.
- 05From first call to first rentThe step-by-step process and a realistic timeline.
What our Perth homes earn today.
Perth
Fully let in 2 weeks
Perth
Fully let in 2 weeks
Perth
Fully let in 3 weeks
Converted homes managed by Elevate Coliving, weekly rent when fully let (December 2025). Past results don't guarantee future rents.
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, 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, PerthBefore you enquire.
Who manages the home once it's built?
We do. Elevate Coliving manages coliving homes across WA and VIC, including finding residents, rent collection, maintenance and compliance. Management is charged as a percentage of rent collected.
Who are the residents?
Mostly working professionals, health workers and tradespeople who want a quality furnished room with bills included. Each resident signs their own agreement and pays a security deposit.
Are the rents guaranteed?
No. Rental figures are estimates based on what comparable rooms let for today, and on our own managed homes. We show ranges, not promises, and we'll walk you through the assumptions on a call.
Can I buy through an SMSF or a trust?
Yes, but the SMSF rules changed this year. From 10 August 2026, a self-managed super fund can no longer take out a new loan (a limited recourse borrowing arrangement) to buy residential property, and that includes coliving homes. An SMSF can still buy with its own funds. Trusts and companies were not affected by that change and can still borrow, though duty and land tax can work differently. The right structure depends on your situation, so please speak with your accountant or financial adviser before you commit. We're happy to work alongside them.
Should I choose the 5x5 or the 6x6?
The 6x6 earns more for a similar build, so if a suitable lot is available it's usually the stronger option. Fewer lots suit a 6x6, so the 5x5 is the one you can secure today in our current estates. We'll show you both for your budget on your call.
Melissa Wyers
Melissa leads each new build and conversion with hands-on involvement from strategy to handover.
Andrew Wyers
Andrew runs our property management team, so the home performs long after the build is finished.
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 are not guaranteed. Portfolio figures are from homes managed by Elevate Coliving at the date shown and are not a forecast for any particular property. Nothing on this page is financial advice; please seek independent professional advice before proceeding. Elevate Coliving Projects Pty Ltd.