Shared housing… one dwelling, multiple incomes.
Investment into residential property is one of the fastest growing asset classes for building real wealth. Smart investing is even better.
Smart property investing requires a well-designed and well-constructed project, correctly located for its target market, managed well and purchased at the right price.
Shared housing is something we’re excited about. Our uniquely designed, modern properties are built for today with Australia’s future market, lifestyle and accommodation needs in mind.
Why you should use Modo
We are Victoria’s pre-eminent designer and builder of modern, “designed for purpose” studio style, shared accommodation.
Start collecting rent sooner
Because this is a house we avoid much of the red tape associated with other development types and build time is generally around 6 months once designs have been completed.
Why lose money week in week out when you can own a property that will pay hundreds, if not thousands of dollars into your back pocket every week.
Multiple streams of income from one property
You will be collecting up to 9 times the rental return spread across 9 different tenants thus increasing yield and reducing risk of vacancy.
Growing demographic of tenants
Typically, tenants are single of any age and generally seeking safe, secure, clean and tidy accommodation.
Affordable housing, be part of the solution
Population growth and lack of housing is high on the list of issues facing society today and the government recognise it. This gives you the opportunity to benefit from tax incentives on offer.
No Planning Permit required
A Modo design can be built in most General Residential Zoned (GRZ) areas (site conditions permitting), without the need to apply for a Council Planning Permit.
Contact us today to start building your positively geared property portfolio!