Co living houses return as the rental crisis continues
Brisbane Co living houses return as the rental crisis continues and people lease out spare rooms. Why did people leave co-living houses during the pandemic? A graph from Australia’s central bank shows the shift in household makeup that occurred at the start of the pandemic. By mid-2020, the number of people living in co-living houses dived. CoLiving Brisbane is a boom investment Reserve Bank of Australia (RBA) data shows it was at its lowest ever-number at 2.47 people as of August last year. CoreLogic property market analyst Tim Lawless has been watching the repercussions of this trend play out in the rental market. “We saw some remarkable shifts at the beginning of COVID,” he says. “For obvious reasons, people were looking for more space. They […]
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