How will the Complex be realised?
The founders of NewCoh have come to an agreement with a forward-thinking construction company who understand what it is we are looking for. They will buy the land and build our homes and facilities to the quality standard that we want.
What is the benefit for them to do this?
They sell the complex ‘off the plan’ before building commences. It’s an innovative partnership between a developer and future residents that becomes a one-stop shop for them without the need for additional marketing.
What is the benefit for us to do it this way?
We get the cohousing development we want to live in over a faster time-frame and with fewer risks.
Will each residence be privately owned?
Every residence in NewCoh will be privately owned under either a Strata or Community title. We are seeking legal advice on the optimum ownership model for us. Owners will also jointly share ownership of shared space and facilities (such as a common house, workshop etc) to which all residents will have access.
When will NewCoh be ready to live in?
We estimate that the complex will be ready for occupation by mid 2023. The build and move-in timeline will be firmed up once we are further along in our arrangements with the developer.
Will I have any say about the design and inclusions of the complex?
Future owners who are involved at the planning stage will be involved in a workshop to determine key aspects of the design and inclusions of the complex, particularly relating to shared facilities. A NewCoh representative will brief the architect on these agreed preferences.
Will my residence have private outdoor space?
Each residence will have its own private outdoor space.
When will I have to put $ in and how much?
We’ll be able to advise the amount that needs to be paid to secure a place in NewCoh once the process of designing the complex is further along.
What do I need to do to be eligible for a residence?
Residences will only be available to NewCoh Members. We will need to gauge the amount of interest and the ability to pay an initial buy-in amount to determine whether an additional balloting system will be necessary.
What sort of residences will be available?
There will be a range of residences available, from studio to 3-bedroom apartments – and possibly a few townhouses. A deposit of 5% of the cost of the residence will be payable around mid 2022 when you will sign a contract. The deposit money will go into a trust account – not to the developer.
Where will I park my car? My bicycle?
Parking for cars will be on the outside edges of the complex. This ensures that the common areas are child-friendly and will afford people the opportunity of neighbourly interaction. Some parking spaces may be able to be used as undercover workshop spaces or rainy-day spots for activities. We may also be able to facilitate car sharing for those who are interested and, of course, will ensure there are secure places for bicycle parking.
Will there be any restrictions on the future sale of my residence?
You will be able to sell your home to anyone who feels they are happy to live with us. Those of us who live here will help you to introduce any prospective buyers so they understand the benefits of collaborative living and the guidelines we have developed for harmonious and supportive living in NewCoh.
Will there be ongoing rates, fees, etc?
Once we get further along in our planning, we should have an idea of ongoing levies/fees that our residents will need to pay. In general, we aim to be as self-managed as possible to reduce the costs involved.
Can I keep a pet?
Yes! NewCoh has a pet policy.
Download our Members Handbook by clicking on the 'Word' symbol at bottom of the home page.
How will decisions be made by residents?
Our Decision-Making Process (see our Members Handbook) outlines how we ensure that all members can have a say in decisions that affect them. All residents can be involved in meetings so that everyone living with us can play an active role in managing our community.
What if people don’t get along?
NewCoh has developed Communication Guidelines that we hope will help people to resolve issues before they turn into anything major. We have also developed guidelines for Conflict Resolution which may be helpful if issues arise.(see Members Handbook) We realise that we won’t agree with everything others do, but want to use the principle of tolerance and support in our dealings with other members and the world in general, as this makes for a happier life. Aspirational? Yes we are!