Co-living emerges as a high-growth investment strategy amid shifting housing trends and strong demand in Sydney’s north.
Colliers on behalf of local developer, Daoud Investments Pty Ltd has sold Botanic Suites, a newly built co-living asset at 47 Mindarie Street, Lane Cove for $13.7 million to Mindarie Pty Ltd, a local private investor. The deal highlights the growing momentum behind co-living as an investment class delivering strong yields and stable income streams.
Colliers Harry Bui, Andrew Bui and James Mullin managed the sale.
Completed in 2025, Botanic Suites is a six-storey complex featuring 27 fully furnished, self-contained apartments, a rooftop communal lounge and secure basement parking. Located just 7km from Sydney CBD, the property offers exceptional connectivity to employment hubs including Chatswood, Macquarie Park and North Sydney.
“As Australia’s housing landscape transforms, co-living stands out as a strategic investment aligned with modern living preferences. With its ability to combine affordability, community and convenience, co-living is not just a trend; it represents a structural shift in how we think about residential real estate,” said Harry Bui, Head of Asia Markets.
Co-living is rapidly gaining traction as one of Australia’s most promising emerging investment asset classes, offering investors strong yields and stable income streams. As housing affordability challenges persist and lifestyle preferences evolve, co-living provides a flexible, community-driven solution that resonates with young professionals and families seeking convenience and affordability.
Industry forecasts predict robust growth in investor demand for co-living and build-to-rent (BTR) developments in the next five years. These sectors are positioned to benefit from demographic shifts, urbanisation trends and the increasing desire for shared living experiences. Investors are recognising co-living’s ability to deliver consistent occupancy rates and attractive returns, making it a compelling alternative to traditional residential investments.
“Investor appetite for co-living is accelerating as the sector delivers consistent occupancy and attractive returns. Lane Cove’s low vacancy, strong rental growth and proximity to employment hubs make this acquisition a strategic play,” added Andew Bui, Manager of Asia Markets.
“On the North Shore, co-living isn’t just meeting demand, it’s reshaping how space and lifestyle come together. These assets don’t just deliver strong returns, they future-proof portfolios by aligning with the next generation’s priorities including liveability and convenience,” added James Mullin, Senior Executive, Sydney North Sales | Investment Services.
Lane Cove exemplifies the market dynamics driving this trend. The suburb has experienced strong rental growth and heightened demand for housing, particularly from professionals and young families seeking proximity to employment hubs and lifestyle amenities. This surge highlights the opportunity for co-living and BTR developments to address evolving housing needs while delivering long-term value for investors.
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