More space doesn’t make us happy. Social connections make us happy, and so we design our buildings with spaces designed for interaction, as well as the private sanctuary of home (think green rooftops, with sunny washing lines, native bee hives, and vegie plots).
Feeling empowered to be part of the solution makes us happy, and so we proudly incorporate and display sustainability into our communities. Think solar panels, big rainwater tanks, and natural shade.
Feeling valued, respected and listened to makes us happy, so we’ve become our own landlord for our build-to-rent communities, where we believe that long-term renting should be respected as a valid lifestyle choice. Think great communication with the building owner, the ability to personalise your home, and secure, long-term housing.
A diverse community makes us happy, and so we’ve got diverse housing options in each community. We focus on less private space in favour of more shared spaces. Think beautiful, functional, light-filled studio and one-bedroom apartments, filled with greenery.
We don’t have enough options like this in Australia (where we’ve been taught that ‘normal’ is a three-bedroom house or bigger!), and to create an affordable, sustainable and joyous way of life, we need to create them.
It also makes financial sense: if people are living in a beautiful space, within a great community, that is secure (because it’s not a for-profit investment to be sold when the market is hot), then tenant turnover is going to be lower. When we retain a building, and we’re the ones paying the bills, we create a strong financial case beyond the moral responsibility to build an efficient building that has low running costs. Also, we can show that a wellness community is valued at 10-25% above a comparable, non-well community.
It’s a win/win/win for people, the planet, and the investors.
The key to this is doing things in a new way with patient investment capital with democratised catalytic capital. We don’t believe that real estate development should be trapped in the hands of the elite few.
That’s why we’re partnering with the impact investment community, where the triple bottom line is valued.
Radical problems require radical solutions, and if ‘radical’ means building better buildings, designed for long-term happiness and long-term community, we’re happy to be radical in our approach to real estate.
We hope that you can join us along the journey.
With hope for a brighter future,
Alice & Tibor