Essentially, co-living involves sharing a living space with other people, usually in a fully furnished and serviced apartment or house. With the right research and a bit of flexibility, it can be a great way to experience a new city or country. Here is why!
Cost Saving
One of the main benefits of co-living is the cost savings it offers. Renting a room in a co-living space is often cheaper than renting a traditional apartment or house, and it also eliminates the need to purchase furniture or household items. Additionally, many co-living spaces include utilities and other amenities such as high-speed internet and weekly cleaning services, further reducing costs.
Brings about a sense of community
Another benefit of co-living is the sense of community it can provide. Living with other people can foster a sense of belonging and connection, and many co-living spaces have events and activities to bring residents together. This can be particularly beneficial for people who are new to a city or country and looking to make friends.
Great for backpackers, students & proffesionals
Co-living in Australia is also a great option for travellers and backpackers, as many spaces offer short-term leases and flexible move-in dates. This allows travellers to have a comfortable and convenient place to stay while they explore the country. It is also a great and cost-effective option that can be especially beneficial for young professionals, and students who are moving to Australia for higher studies or to start out their careers.
Things to keep in mind
It’s worth noting that in Australia there’s a lack of regulation of co-living spaces, which means that quality and standards can vary widely between properties. Potential residents need to research the space and read reviews before committing to a lease. Options like those offered by reputed brands such as lyf by Ascott would be ideal to consider in this case.
