Day by day real estate values continue to soar sky-high, making it difficult for young people to even rent a starter apartment. Communal living seems to be the latest artful solution that helps youngsters get on their own feet. Read on to know how.
What is this?
Co-living, also known as shared living or communal living, is a housing arrangement where people live in a shared space and share common amenities. This type of housing is becoming increasingly popular in Melbourne, as it offers several benefits for residents.
Why is it so popular among youngsters?
One reason co-living is gaining popularity in Melbourne is due to the high cost of housing. The city has a competitive real estate market, with the median house price hovering around $1 million. This makes it difficult for many people, particularly young professionals and students, to afford their own place. Coliving in Melbourne offers a more affordable alternative, as residents share the cost of rent and utilities.
What are the benefits?
Another advantage of co-living is the sense of community it provides. Living with other people can be a great way to make new friends and create a support network. Co-living spaces often host social events and activities, which can help residents feel connected to one another. Co-living can also be a more sustainable option, as it allows residents to share resources such as appliances and furniture. This can reduce waste and minimize the environmental impact of each individual household.
Should you opt for it?
Overall, co-living is becoming an increasingly popular housing option in Melbourne due to its affordability, sense of community, and sustainability. It offers a flexible and cost-effective alternative for people who want to live in a city with a high cost of housing. There are many new places such as lyf Collingwood Melbourne that offer great co-living spaces if you’re interested.
