Australia: Caper Co-Living launches first two properties in Sydney

Image by Caper Co-Living

Australian co-living startup Caper Co-Living has launched with its first two properties in Sydney located in the suburbs of Newtown and Petersham, it said in an announcement today.

The properties are being launched in partnership with two private investors, who have “invested significantly” in Caper Co-Living, said the startup.

“We received strong interest from traditional property investors and from investors interested in benefiting from market disruption. All appreciate the stable returns and strong cash-flows on offer from the co-living model against the backdrop of an increasingly uncertain Australian property market,” said Caper Co-Living co-founder and director, Jonty Nel.

The property in King Street, Newtown will offer 16 en suite studios starting from January 2019 while the property in Shaw Street, Petersham has been converted to a 40-bedroom co-living place and will be available in March 2019.

Although just founded in 2018, Caper Co-Living is looking to launch three to four new properties annually for the next five years, its co-founder and CEO, Chrystan Paul told DEALSTREETASIA.

He also expects the startup’s future properties to consistently increase in size as the co-living platform scales, besides introducing new products to complement the business.

“Our long-term vision with Caper Co-Living is to have a strong network of co-living properties across Australia and New Zealand that caters to a wide demographic seeking quality rental accommodation. For the first five years, we want to focus on major capital cities in this region, however we also see very good opportunities in second-tier regional cities where rental supply may be limited,” he said.

Also read:

Singapore’s co-living startup Hmlet acquires we r urban in HK push

Chinese co-living firm Harbour raises $2.58b for two China property buyout funds

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.