Episode Summary
Richard sits down with Rhys Williams, Co-Founder of UKO to explore the rise of co-living and how it is reshaping Australia’s residential landscape.
The conversation delves into what co‑living actually is, how it is defined in Australia compared to global markets, and how it differs from Build to Rent. Rhys breaks down all aspects of the model which include key performance metrics, valuation assumptions and the value proposition for renters, explaining why co‑living continues to gain traction among both residents and investors. Further, they discuss why Sydney has become the centre of co‑living growth and the scale of the opportunity ahead across major cities.
Rhys also shares his perspective on the role of government in supporting co‑living, what policymakers need to better understand at local, state and federal levels, what is working well today, and what changes are still required to unlock greater supply and long‑term housing outcomes.
This episode provides a timely and practical look at an evolving segment of the residential market.
About Our Guest
Rhys is Co-Founder of UKO, part of LiveStay a national operator of apartment hotels, co-living and Build to Rent properties across Australia under their three operating brands Veriu Hotels and Suites, Punthill apartment Hotels and UKO.
In this episode, Rhys explores the journey of UKO, why the company was created and the role that it plays with the LiveStay platform. Rhys reflects on how his more than two decades in the living sector informed UKO’s strategy and positioning, and why co-living has emerged as distinct and necessary housing solution in Australia.
With more than 22 years’ experience in the living sector, Rhys and his partners Alex and Zed have grown an initial single-apartment operation into a huge portfolio of more than 5,950 keys under operation or development, representing a gross asset value of approximately $3.2 billion. He also leads the UKO brand, which operates co-living and Build to Rent assets on behalf of developers, family offices and institutional capital.
Tune into the Episode
If you’re interested in understanding co‑living, why it is emerging as a critical part of Australia’s housing solution, and what governments and investors need to do to support its growth, this is a conversation that is for you.
EPISODE LINKS
Rhys Williams https://www.linkedin.com/in/rhys-williams-6599006b/
UKO https://www.uko.com.au/
The Co-Living Report https://content.knightfrank.com/research/3067/documents/en/the-co-living-report-2025-12586.pdf
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This podcast is for educational purposes only and should not be considered investment or financial advice. This podcast is not intended to replace or supplement professional investment, financial or legal advice. Please seek professional advice based upon your personal circumstances. The views expressed by our podcast guests may not represent those of Charter Keck Cramer. This podcast may not be copied, reproduced, republished or posted in whole or in part without the prior written consent of Charter Keck Cramer.
