Bayswater
11.5%
Gross yield at completion
See the project →
Perth · Melbourne · Since 2017
Cashflow-positive homes, leased by the room.
A Perth house on a single lease pays around $800 a week. The same house, built for coliving and leased by the room, pays around $2,200. We source it, build it, fill it and manage it for you.
1,083 rooms delivered · 380+ investors · $350M+ in deals
Same Perth house, two ways to rent it
One lease, one household~$800 /wk
Coliving, leased by the room~$2,200 /wk
Indicative Perth example. Rents vary by property and location and are not a forecast.
The track record
Nine years of building homes that pay.
1,083Rooms delivered
380+Investors backed
$350M+In property deals
2,500+People housed
As featured inForbes · Australian Property Investor · The West Australian
Affordable Housing winner, 2026 UDIA WA Awards for Excellence.
Where to start
Three ways in
Understand the model, see how we deliver it, or go straight to the numbers. Each one has a page of its own.
Understand it
Why coliving
Why a house leased by the room earns so much more than the same house on a single lease, and why that gap isn't closing.
Why coliving → See the modelHow it works
- 01Clarify
- 02Create
- 03Cashflow
Strategy, sourcing, feasibility, build, tenanting and management, with three guarantees behind it. You don't project-manage anything.
The model → Check the numbersProjects
Bayswater 11.5%Leederville 17.7%Morley 24%
Completed client projects with independent valuations at completion. Not forecasts.
See the projects →
In their words
What our clients say
★★★★★
I took a leap of faith and worked with HMO Property Co in 2022 to source and convert a 4 bedroom house into a 6-room HMO. It was one of the best financial decisions I have made. Working with The HMO Property Co group for me was a super smooth, easy and stress-free process. From the sourcing and buying, to the conversion and now management of the property. I feel so blessed that I almost forget about the property until the rent deposits into my account each month.
VesnaGoogle review
★★★★★
I am extremely happy that I worked with Neil on my HMO investment journey! Neil is a real nice guy and very professional. He worked hard and found me what exactly I wanted...an existing HMO property in a major suburb. Can't be more happier. Neil, you got a great support group. Freddy and co are managing my property really well. Looking forward to adding one more HMO in my portfolio shortly.
Sudhi P.Google review
★★★★★
Great business, addressing both a rental and cost of living crisis in one hit. This model is the best practical approach in keeping people off the streets as Perth hits a record low rental vacancy level and exorbitant rent rises. Bills are included in the flat weekly fee, saves you heaps of $. This is the future of rentals and living.
Ben M.Google review
Completed client projects
Real projects. Real yields.
Three of the homes we've delivered for clients, each independently valued at completion.
Leederville
17.7%
Gross yield at completion
See the project →
Morley
24%
Gross yield at completion
See the project →
Yields are gross, based on independent valuations at completion of individual client projects. They are not a forecast, and your results will differ.
All projects
Our standard
Every room, built to one proven design
We don't build rooms and hope. Every coliving room follows one refined 20m² standard: private ensuite, kitchenette, sleeping and living zones, and real storage. It's designed down to the millimetre for comfort and repeated across every project, and it's why our homes fill fast and hold their value.
The founders
Meet Neil & Jo Gibb
Neil saw a gap: quality housing slipping out of reach, while everyday investors were locked out of genuinely cashflow-positive property. So he and Jo built a model that solves both. They've since helped house over 2,500 people and guided 380+ investors to positively geared portfolios.
Neil GibbManaging Director · Licensed Real Estate Agent
Leads strategy, acquisitions and the investment model behind every HMO we deliver.
Jo GibbGroup Integrator · Co-Founder
Ten years marketing some of the world's biggest brands before turning that eye on housing.
"We're not just building properties. We're building financial freedom for our clients and better homes for the people who live in them."
Why we exist
Using profit as possibility
Good investing and good outcomes aren't opposites. Every HMO we build creates quality, affordable homes and cashflow-positive returns.
01
Financial freedom
A real pathway to independence for our clients.
02
Cashflow wealth
Positively geared assets that pay from day one.
03
Sustainable living
Quality, affordable homes designed to last.
04
Win-win for all
Investors, residents and communities all gain.
05
Profit as possibility
Returns that fund a bigger purpose.
Once it's built
Living Rooms
Our own management arm matches housemates, handles the disputes nobody warns you about, and keeps the rooms full.
Meet Living Rooms →
Before you talk to anyone
Nearly 200 episodes
The HMO Property Show goes out every Wednesday at 7am. Deals, numbers, mistakes and market calls, straight from Neil.
Listen in →
Prefer to learn first?
The Coliving Cashflow Academy
Not ready for done-for-you? Learn the exact system yourself. Two modules are free, and your Academy fee is credited if you upgrade to our Concierge service.
Get 2 free modules →
Your next step
Ready to build cashflow with purpose?
Book a strategy call and we'll look at your borrowing capacity, your goals, and what's realistically achievable for you.
Find out if coliving fits you.
Book a call