- 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.
