Colliers, on behalf of local developer Daoud Investments Pty Ltd, has sold the Botanic Suites co-living scheme at 47 Mindarie Street in Lane Cove for $13.7m to private investor Mindarie Pty Ltd.
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.
“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.”
Andew Bui, Manager of Asia Markets, Colliers
Completed in 2025, Botanic Suites is a six-storey complex comprising 27 fully furnished, self-contained apartments, a rooftop communal lounge and secure basement parking.
Located just 7km from Sydney CBD, the scheme 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.”
Harry Bui, Head of Asia Markets, Colliers
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 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.
“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.”
James Mullin, Senior Executive, Sydney North Sales | Investment Services, Colliers
Investors are recognising co-living’s ability to deliver consistent occupancy rates and attractive returns, making it a compelling alternative to traditional residential investments.
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 Build to Rent developments to address evolving housing needs while delivering long-term value for investors.
