residential property investors
Make money. Make a difference.
An investment property with a difference: You help solve a massive social need and in return, enjoy higher rental returns, longer tenures and hassle-free management.
Our rental properties deliver higher rental returns to investors than a standard residential property investment.
Make a difference
Help vulnerable senior Australians access ageing-friendly rental accommodation that solves the loneliness crisis.
Peace of mind
Long-term tenants carefully curated and actively managed to ensure your investment property is properly cared for.
WHY CALYPTUS CO-LIVING?
A socially-conscious investment with a better-than-market return
There is significant un-met demand for ageing-appropriate rental housing in almost every part of Australia.
Co-living reduces loneliness for older single people, while providing comfortable, affordable rental accommodation.
Seniors who rent typically seek long tenures, which reduces the time your property is not earning income.
Senior renters are house-proud and easy on your asset, especially when compared with younger renters and families.
You benefit from Calyptus Co-living’s deep experience across property investment and seniors living.
Our interest in our tenants extends beyond that of a normal property manager. You know your investment property is in good hands.
Calyptus Co-living is a specialist flatmate matching service and residential property manager with deep experience in residential property investment and seniors accommodation. We partner with investment property owners who want to make a positive difference to the lives of senior Australians and benefit from the higher returns generated by the co-living concept.
No. It is rental accommodation tailored to a very specific demographic that is large and growing rapidly.
Calyptus charges a management fee of 9% (plus GST) of the gross rent, plus an initial letting fee of two weeks’ rent (plus GST).
Landlords cover all rates and utilities costs such as water and power. Because you are paying the electricity costs, it may make sense for you to install solar power. Let us know if you would like us to arrange a quote.
Calyptus pays for resident wifi and emergency call monitoring.
The co-living concept is all about providing seniors with secure, comfortable rental accommodation with like-minded flatmates, in order to reduce the prevalence of loneliness for single, retired people.
Yes. If you are interested in buying a Calyptus Co-living home we can introduce you to new house and land packages (where homes are designed for co-living) that meet your criteria for price and location. This service is free to you as Calyptus receives a small fee from the builder.
We run waiting lists of potential tenants and can recommend areas of high rental demand with tenants ready to move in.
There is a significant lack of ageing-friendly accommodation in the private rental housing sector. Seniors who rent often struggle to find secure, comfortable accommodation that provides them with security of tenure, affordability and the ability to age-in-place.
Seniors are the ideal tenants for your investment property. They are house-proud, gentle on your asset and appreciate long lease tenures. Rent is funded by the federal government through the Age Pension and Commonwealth Rent Assistance payment.
- The population of seniors aged over 65 years is forecast to double by 2056.
- Around 14% of seniors currently rent, with some commentators forecasting around 50% of seniors to be renting by 2056 (source: Housing in retirement: the emerging challenge to retirement incomes policy. Grattan Institute Dec 2019).
- The number of private renters in the 54-64 age group is projected to increase by over 50 per cent to 567,000 in 2031 (source: ibid).
- For those over 65 years old, the increase is even more acute, with those renting expected to double in the same time range to 543,000 (source: ibid).
- Older women are particularly at risk due to systemic issues like the gender pay gap during their working life, longer life expectancy and generally having less super than men (source: Older female renters are the ‘canary in the coal mine’ for housing affordability ABC News Emily Stewart and Lucia Stein 28 Aug 2019).
- Older women—those aged 55 and over—was the fastest growing cohort of homeless Australians between 2011 and 2016, increasing by 31% (source: Quote – Dr Kay Patterson, Age Discrimination Commissioner, Thursday 4 April, 2019).
- There is a significant lack of ageing-friendly accommodation in the private rental housing sector. Seniors who rent often struggle to find secure, comfortable accommodation that provides them with security of tenure, affordability and the ability to age-in-place.
“The private rental market will become increasingly important in accommodating the growing number of older households. As more and more households rent into retirement, there will be an increasing need for secure, stable, affordable and appropriate housing options in the private rental sector” (source: Effective downsizing options for older Australians Australian Housing and Urban Research Institute Limited Feb 2020).
We invite you to partner with us to be part of the solution.
Homes offered to tenants by Calyptus Co-living are carefully curated to ensure they are appropriate for seniors. We would be interested in speaking with you if you have an investment property that is a single-level 3-4 Bedroom home on a reasonably flat block. Duplex/Dual-key homes are ideal.
Investment property owners should be open to long-term leases.
Older properties may require some remedial works or refurbishment. Calyptus can arrange a scope of works and then manage tenders and the build process through a trusted third-party project manager.
Additional costs to the investor would be a furniture package ($7-10k per home) and solar (optional, but encouraged).
You can engage Calyptus to manage your investment property through a normal property management agreement.
For an existing home it is likely that there would be some level of construction or renovation work required to make the home appropriate for co-living. The co-living concept requires every bedroom to have a private bathroom. This can usually be retrofitted. Other features include, for example, a handrail on the wall next to the toilet.
Calyptus will scope and project-manage any work required on your behalf.
Calyptus acts as your investment property manager and will find and manage your tenants through our flatmate matching service, as well as manage maintenance and repairs as required.
Calyptus can also introduce you to new house and land packages where the homes are specially designed for co-living.
Seniors prefer stable housing and seek long lease tenures. We encourage our property owners to commit to at least a ten-year investment.
If you do need to exit your investment we can introduce the property to our waitlist of interested buyers.
Single rooms with private bathrooms typically rent for $220-280 per week, equating to a gross weekly rent return of:
- 3 bedrooms – $660-840 p/week
- 4 bedrooms – $880-1,120 p/week
The amount of rent charged per room fluctuates depending on the size of the room, the size and condition of the house, location , etc.
We use standard residential lease agreements.