Savills: Australian Co-Living Sector Expected to Triple by 2030
What happened
Savills Australia’s inaugural co-living report projects that the sector could almost triple in size by 2030. Currently, around 4,700 co-living units operate across Australia, with projections suggesting the number could exceed 13,700 by 2030 if current pipelines proceed. The growth is being fueled by international investors and expansion into markets beyond Sydney.
From brokernews.com.au
Why it matters
The expansion occurs as renters face sustained pressure, with national rents rising 5.5% in the year to September 2026. Savills notes that offshore capital is moving into the sector, recognizing co-living as a genuine housing solution for singles and young professionals.
From brokernews.com.au
Who's involved
- SavillsReal estate services provider that published the co-living sector report.
- Rhys WilliamsFounder and managing director of UKO, Australia’s largest co-living operator.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New South WalesSpeculative
New South Wales could see increased institutional investment and economic activity in the co-living sector.
- Commonwealth BankSpeculative
Commonwealth Bank may experience increased demand for residential investment and lending products due to sector growth.