NGRHX.au
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1. The Concept
Redefining Housing for a New Era
The property market in Victoria desperately needs an Innovative a Leader a Visionary.
NGRHX will transform the way we live and invest. At the heart of our mission is creating premium co-living spaces that combine affordability, luxury, and sustainability. Our innovative housing model offers high-quality, stylish suites with private amenities designed to meet the needs of modern tenants while delivering exceptional returns for investors.
These properties aren’t just places to live—they’re communities designed to inspire connection, comfort, and convenience. With a proven track record of success and a commitment to excellence, NGRHX is redefining the housing landscape and paving the way for a brighter future.
A SUPREME LIVING EXPERIENCE IN SOUGHT-AFTER LOCATIONS
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HIGH-END CONTEMPORARY FINISHES
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SMART HOME INTEGRATION & CLIMATE CONTROL
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EVERYTHING IS AT YOU FINGER TIPS
2. THE VISIONARY: SCOTT BANKS
The mind behind NGRHX is a visionary leader with over three decades of experience in real estate, property development, and strategic management. With a career defined by innovation and a commitment to quality, Scott has consistently transformed challenges into opportunities. His passion for creating accessible, high-quality housing solutions has laid the foundation for NGRHX—a new brand with a bold vision to redefine modern living.
As the driving force behind NGRHX, Scott draws on his extensive expertise to launch a pioneering concept in affordable luxury housing. Focused on designing, developing, and managing premium co-living spaces, Scott ensures that every project upholds the highest quality, sustainability, and profitability standards.
With a unique ability to identify market needs and create scalable solutions, Scott’s leadership is shaping the future of co-living. NGRHX may be a new brand, but it is firmly rooted in Scott’s decades of experience and success. His approach prioritises tenant satisfaction and investor confidence, positioning NGRHX as a transformative force in the housing landscape.
Scott’s commitment to innovation, community-focused design, and creating lasting value inspires the mission of NGRHX as it launches into this exciting new chapter.
"At NGRHX, we’re not just interested in building properties; we’re responding to unprecedented demand with purpose and innovation. We’re creating opportunities—opportunities for tenants to thrive and for investors to succeed. Our mission is to redefine housing in Melbourne, one innovative solution at a time." - Scott Banks
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3. THE INSPIRATION
"Housing 2.0: Revolutionising Affordable Living with NGRHX"
“The housing market in Melbourne is at a breaking point. With skyrocketing rents and limited options, too many people struggle to find homes close to work, school, and the vibrant lifestyle the city is known for. Shared living has historically been seen as outdated and stigmatised. At NGRHX, we’re here to change that.”
NGRHX is more than just a housing solution—it’s a revolution. By combining cutting-edge design, forward-thinking property management, technology, and innovative business models, we’re redefining what it means to ‘share living space.’
This isn’t just about making housing affordable—it’s about creating modern, premium spaces where people want to live, thrive, and connect. At the same time, we’re delivering scalable, high-yield investment opportunities that meet the demands of both the market and the community. With NGRHX, we’re not just addressing the housing crisis—we’re reshaping the future of living in Melbourne.”
4. THE PLAN
The Plan: Transforming Housing with Purpose and Vision
Revolutionary Approach
NGRHX reimagines the outdated rooming house model by delivering modern, high-quality solutions. Our properties feature stylish suites with premium finishes, private amenities, and a focus on tenant satisfaction. This new standard of co-living offers a seamless blend of comfort, affordability, and desirability.
"We’ve taken the outdated rooming house concept and re-engineered it into a premium, scalable, and highly desirable housing solution." - Scott Banks
Big Picture Vision
This isn’t just about housing—it’s about driving a societal shift. By redefining shared living, NGRHX addresses the growing demand for accessible and sustainable housing while offering tenants affordable luxury and investors scalable opportunities.
"This isn’t just a new housing model—it’s the future of accessible, scalable, and premium living for urban populations." - Scott Banks
A Rental Crisis Unfolds: Addressing Victoria's Housing Shortage
Victoria is experiencing a significant decline in rental properties, with approximately 22,000 fewer rentals available over the past year. This reduction marks the sharpest fall in rental stock since records began in 1999. *SOURCE: ABC News
Key Factors Contributing to the Decline:
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Investor Sell-Offs: Many property investors are exiting the market, leading to a substantial decrease in available rental properties.
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Regulatory Changes: New rental standards and increased land taxes have made property investment less attractive, prompting investors to sell their rental properties.
Impact on the Rental Market:
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Reduced Availability: The number of active rental bonds fell from approximately 676,400 in June last year to 654,700 this year, indicating a significant reduction in available rentals.
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Increased Competition: With fewer rental properties on the market, competition among renters has intensified, potentially leading to higher rental prices and decreased affordability. *SOURCE: ABC News
Implications for NGRHX:
This contraction in the rental market underscores the critical need for innovative housing solutions like those proposed by NGRHX. By developing premium, socially responsible housing, NGRHX can help alleviate the shortage and provide quality living options for Victoria's residents. Addressing this issue is vital for ensuring housing affordability and availability in Victoria.
Scalability
1,000 properties worth circa 2 billion dollars could be developed in Victoria alone to house up to 12,000 tenants and go nowhere towards meeting the demand; NGRHX is poised to significantly impact housing affordability while maintaining a scalable and replicable growth model.
"Our vision is to assist in helping to solve housing affordability challenges in Victoria as quickly as possible." - Scott Banks
Mission-Driven Purpose
NGRHX is about more than just housing—it’s about creating impact. By providing premium, stable living spaces, we empower communities and offer investors the chance to make a meaningful difference while enjoying sustainable returns.
"NGRHX doesn’t just benefit tenants. It helps communities thrive by providing stable, conveniently located housing and allowing investors to make a meaningful difference." ." - Scott Banks
5. The Opportunity
Expressions of Interest
Join the NGRHX Revolution: Building the Future of Housing Together
At NGRHX, we’re on a mission to redefine housing, creating premium co-living spaces that balance affordability, luxury, and sustainability. Our bold vision to develop as many properties as practically possible across Victoria isn’t just a plan—it’s a movement. And we’re calling on like-minded individuals to join us in reshaping the future of urban living.
HIGH-END CONTEMPORARY FINISHES
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SMART HOME INTEGRATION & CLIMATE CONTROL
WHO WE ARE LOOKING FOR...
We’re seeking expressions of interest from:
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Investors: Passionate about creating impact while achieving sustainable, high-yield returns.
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Builders & Developers: Visionaries eager to collaborate on innovative, high-quality housing solutions.
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Community Leaders: Advocates for better housing options and stronger communities.
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Future Tenants: Individuals who value modern, affordable, and community-focused living spaces.
If you share our passion for innovation, sustainability, and social impact, we want to hear from you.
WHY PARTNER WITH NGRHX
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A Proven Model: Backed by years of experience in property design and management, our approach delivers exceptional results.
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Shared Vision: Join a team committed to solving housing challenges while creating meaningful opportunities for tenants and investors alike.
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Collaborative Opportunities: Work with industry leaders to shape a new era of urban living.
GET INVOLVED...
Whether you’re an investor, a builder, or a future tenant, your interest is the first step in building something extraordinary.
Together, we can create housing solutions that enrich lives and redefine possibilities.
Submit Your Expression of Interest Today. Complete the form below to register your interest, and a member of our team will reach out to you.
Be part of the NGRHX Housing Revolution. Let’s unite to 'build' the future of housing together.
