Subscribe to keep up to date with the latest research, resources, news and events from The Deck.
You can also sign up to Q Shelter’s monthly newsletter, Home Matters.
Yvonne doesn’t own her home. This housing alternative means she never worries about rent
Publisher/s
SBS News
Author/s
Aleisha Orr
Abstract
- Co-ops, made up of members, own the right to a collection of homes, which often, are co-located.
- Without a landlord making a profit, rents only need to cover the cost of maintaining the housing.
- Co-op housing rent is more affordable than open market rent and can be set at a percentage of income.
Co-ops, made up of members, own the right to a collection of homes which are often co-located.
A co-op is a business model, but according to Business Council of Co-operatives and Mutuals senior policy adviser Linda Seaborn, they operate differently to most of Australia’s real estate market.