Try this one for example
The Uniting Church In Australia Property Trust (Nsw)
222 Pitt St
http://www.manta.com/ic/mvmpgwx/au/the-uniting-church-in-australia-property-trust-nsw
Yes. It is being done already. And you don't need a new or unique philisophy you could set up a sect of an existing religion. The organisation just needs tax exempt status.
These groups can also avoid stamp duty and land tax.