Introducing 1049-1055 Bourke Street, Waterloo, a new and innovative living concept coming soon! This new co-living space reimagines modern living by offering fully furnished private rooms within a vibrant, shared community. Designed for those seeking convenience, flexibility, and a sense of belonging, this building may feature*:
• Stylish private studios with ensuite bathrooms and smart design for maximizing space.
• Shared amenities such as coworking spaces, a rooftop lounge, a fitness center, and social areas for cooking, dining, and unwinding (STCA).
• All-inclusive living with utilities, Wi-Fi, and housekeeping bundled into one affordable rent, offering hassle-free living.
• Curated community events to foster connections, from workshops to movie nights and fitness classes.
• Flexible lease terms that suit urban nomads, remote workers, and young professionals who value community over isolation
Since co-living is still a relatively new concept in Australia, we’ve provided an overview below to explain exactly what co-living entails and highlight the features that make it beneficial for tenants.
Learn more about project here!
Co-living; The future of Urban Life
As major cities become densely populated, ad housing becomes increasingly unaffordable, new housing models are emerging to meet the demands of modern urban dwellers. What was once seen as a niche or alternative housing concept has now become a mainstream trend, redefining how we think about space, community, and affordability. Co-living represents a shift in priorities and values, particularly among younger generations, signalling a possible future for how people will live in cities around the world.
What is Co-living?
Co-living involves shared living spaces where individuals, often strangers, rent private rooms but share communal areas like kitchens, living rooms, and workspaces. The concept extends beyond mere cost-sharing; it promotes community-building and collaboration, offering a solution to the isolation that many experience in large urban environments. Unlike traditional shared housing or roommates, co-living spaces are typically designed to foster interaction, creativity, and a sense of belonging and community.
Most co-living spaces offer amenities and services, making them particularly attractive to remote workers, freelancers, and digital nomads. The idea of co-living is not just about cutting costs—it’s about creating a lifestyle that values flexibility, community, and sustainability.
Benefits of Co-living
• Flexible Leasing Options: Unlike traditional rental agreements that lock tenants into long-term contracts, many co-living spaces offer flexible, short-term stays with the option to extend as needed. This is particularly attractive to the nomadic workforce, remote employees, and those who prefer not to be tied down by permanent commitments.
• Sustainability and Design: Sustainability is a key aspect of new age co-living. Many spaces incorporate eco-friendly materials, energy-efficient appliances, and sustainable practices like recycling and composting. The architecture and design often prioritize green spaces, natural light, and communal areas to promote well-being and productivity.
• Diverse Communities: These spaces are intentionally designed to attract a diverse mix of people from different cultural, professional, and social backgrounds. The community aspect is the hallmark of co-living, creating a network of supportive and often collaborative relationships.
With urban populations skyrocketing, housing affordability plummeting, and the increase of remote work options, new age co-living provides an attractive alternative. Many young professionals, creatives, and tech workers are drawn to co-living because it strikes a balance between private space and a connected community, allowing them to focus on personal growth, professional development, and wellness.
Moreover, co-living fosters a sense of belonging that is often lost in the hustle of modern city life. Residents don’t just share space; they share experiences, collaborate on projects, and build lasting friendships. For many, this social aspect is a key reason for choosing co-living over traditional renting or owning.
*Subject to council approval.