“As property prices skyrocket across Australia, an alternative housing option is growing in popularity as a potential solution to tackling the national housing crisis.

When Tara Morelos was a university student in 1996 she paid $50 per week in rent for a three-bedroom house in Sydney’s inner west.

Fast forward almost four decades later, and Morelos leases a four-bedder in Petersham for as little as $210 per week, well under the current market value.

Morelos lives in a co-operative, a housing model that prioritises a sense of community and active participation while providing affordable and secure housing.

Her co-op, Extended Family, is one of 33 co-operatives that operate under the umbrella of Common Equity – a non-profit housing provider and peak body for rental housing co-ops in NSW.

Common Equity operates several co-operatives across the state including Sedgewick Co-op, Dunroamin Co-op, and the newly established Lac Viet Co-op, a 13-unit co-operative targeted at senior members of the Vietnamese community in Cabramatta, in Sydney’s west.”

Read the full article and watch the story, How an alternative way of living known as co-operative living could ease Australia’s rental crisis, on 9 News, 24 April 2024.