The numbers that changed the conversation

Knight Frank has confirmed co-living as one of the hottest commercial property sectors of 2025 and 2026, with demand outpacing supply right across the country. That is not a Dominion talking point. It is the read from the institutions that track these marketsfor a living, and it lines up with what we see on the ground every week.

Why net versusnet matters

In the same locations where a standard residential property delivers 2 to 3% net yield, purpose-built co-living is delivering 8.5% and above. The important part is that this is a net versus net comparison, not the usual sleight of hand where agross figure from one asset is held up against a net figure from another. Like for like, the gap is real and it is wide.

Supply is still tiny

National co-living supply has only just passed 10,000 units. Against the overall housing market that is a rounding error, which is precisely why the opportunity is interesting. Early movers are operating in a sector where demand comfortably exceeds what has been built, and that imbalance rewards the investors who act while the window is open.

Institutional money is a signal

Colliers and Knight Frank data both show institutional investors now actively targeting the sector. When institutions move in, it is usually a sign that an asset class has proven itself and is being repriced accordingly. For a private investor, the useful read is simple: get in ahead of that repricing rather than after it.

Where Dominion sits

This is not theory for us. Dominion has more than 30 completed projects with verified yields and valuations, and we are already building in Victoria. The track record exists, the numbers are real, and the model is running today rather than waiting on a business plan.

Where to from here. If you would like to walk through the numbers on areal, completed Dominion project, get in touch. No pressure, just the evidence.