With the cost of living increasing, the way we live is starting to undergo a transformation. Changing lifestyles, increasing rental and house prices, and for some, the desire to be surrounded by a community, have led to more people opting for shared housing.
Shared housing isn’t just about sharing a property, it is a lifestyle choice that many make that redefines the way people work, live, and socialise. It’s a way to have everything you need, wrapped up into one price, and is becoming popular with both students and professionals here in Perth.
The History of Shared Housing
Due to the rental crisis, shared housing may seem like a recent thing, but it can be traced back to the type of communal living seen in the 1960s and 70s. The modern co-living movement really gained momentum in the late 2000’s, and as we’ve seen the cost of living in major cities in particular increase, as well as the desire for meaningful social connections post the 2020-2021 border closures, co-living is starting to really pick up.
Those born between 1981-1996 have played a significant role in the increase in popularity of this style of living. Many in this age group value experiences over possessions, and they crave social interactions. Shared housing and co-living offer the benefits of affordable housing and a pre-established community.
Who Does Shared Housing Suit?
Sharing a house with flatmates is a versatile housing option that can accommodate a diverse range of individuals and lifestyles. Some of the specific groups of people who may find shared living particularly suitable include
- Young Professionals: Shared housing is popular among young professionals who are just starting their careers in urban areas. It offers an affordable and convenient way to live in the city while also providing a built-in community of like-minded individuals, particularly those who have moved away from home or their support base for their career.
- Students: University students often find shared housing attractive. It offers an affordable housing solution, and the social aspect can be especially beneficial for students who are new to a city or campus.
- Digital Nomads: Shared housing spaces can be an excellent choice for digital nomads who work remotely and value flexibility. They can move in and out without the constraints of a long-term lease and have access to coworking spaces within the shared housing facility.
- Single Professionals: Single individuals, whether they are young or older, can benefit from the social interaction and community provided by shared living. It can combat feelings of loneliness that can sometimes come with solo living.
- Expats and Foreign Workers: Individuals who are new to a city or country often find shared accommodation as great way to meet people and quickly integrate into the local community.
- Entrepreneurs and Start-Up Founders: Shared housing can be a convenient and cost-effective housing solution for entrepreneurs and startup founders who are focused on building their businesses and want to minimise distractions related to household maintenance and put their money towards their business.
In essence, shared housing is a flexible housing solution that can cater to people from various walks of life. The key is finding a shared living space that aligns with your specific needs, preferences, and lifestyle, and there are a number of these popping up around Perth.
Advantages and Disadvantages of Shared Housing
Shared housing, like any housing arrangement, comes with both advantages and disadvantages, and it is important to understand these to ensure that this living style is right for you.
Advantages of Shared Housing
- Cost Savings: Sharing living expenses with flatmates allows for reduced rent, utilities, and other costs, making it more budget-friendly.
- Location and Convenience: Sharing a house with flatmates not only improves cost efficiency but also offers the chance to secure a property in a central location through combined incomes.
- Increased Space: Shared living frequently enables you to access a more spacious or better-located residence than you might afford on your own, offering additional room and amenities.
- Companionship: Living with flatmates provides companionship support and the opportunity to build strong social connections.
- Shared Chores: Household tasks can be divided, making them more manageable and ensuring a clean environment.
Disadvantages of Shared Housing
- Difference in Cleanliness Standards: When sharing a living space, you may encounter varying levels of cleanliness standards among your housemates. This can sometimes result in frustration and additional efforts to maintain a clean and comfortable living environment that suits everyone’s expectations.
- Limited Control Over Living Environment: In shared housing arrangements, you might find that your degree of influence over the living environment and decor choices can be somewhat restricted. This can mean less autonomy in creating an environment that feels entirely personalised.
- Noise and Disturbances: Living with flatmates introduces the possibility of increased noise and disturbances with the shared space. This can pose challenges in preserving a peaceful living space to thrive. The presence of multiple residents can sometimes result in an environment that is less conducive to the need for calm and quiet.
The Impact on Urban Living
Shared housing addresses the issue of affordable housing in densely populated urban areas. By sharing expenses and reducing the need for large living spaces, shared housing
becomes a more accessible housing option for many upcoming renters.
Shared housing promotes a sense of community that is often lacking in modern, fast-paced cities. The shared spaces and organised events foster connections among residents, combatting the social isolation that can come with urban living away from the more traditional support network.
Shared housing can also contribute to sustainability. Sharing resources reduces the carbon footprint per resident, and some co-living spaces incorporate eco-friendly practices, such as energy-efficient appliances and recycling programs.
The Future of Shared Housing
As shared housing continues to evolve, it will no longer be the younger age groups attracted to this way of living. People of all ages are discovering the benefits of communal living, from Gen Z to empty nesters. Shared living providers are adapting to cater to a more diverse demographic.
The has been a rise in co-living that has not gone unnoticed by real estate developers and investors. The sector has attracted substantial investments, driving further expansion.
Co-living providers are expanding their footprints into new markets, and they are also partnering with traditional real estate developers to create purpose-built co-living properties.
Co-living spaces have risen from experimental communal living to a mainstream lifestyle choice. Their popularity is driven by changing demographics, the desire for community, and the need for affordable urban housing. As co-living continues to evolve, it has the potential to reshape urban living, promote sustainability, and cater to a more diverse demographic.
The future of co-living in Perth is bright, and it is a trend that is undoubtedly here to stay. Whether you're a young professional seeking a vibrant community or a retiree looking for companionship, co-living has something to offer for everyone
If you're seeking to rent a space or a co-living arrangement with your flatmates in the Perth area, our team is eager to assist you in locating the ideal rental space. Explore the available rental options in Perth or reach out to our team for personalised assistance. Whether you're interested in renting or buying, we offer a diverse selection of options throughout the Perth region.