How can I make a read-only ObservableCollection property?

I don't like using ReadOnlyObservableCollection<T> as it seems like a mistake / broken class; I prefer a contract based approach instead.

Here is what I use that allows for covarience:

public interface INotifyCollection<T> 
       : ICollection<T>, 
         INotifyCollectionChanged
{}

public interface IReadOnlyNotifyCollection<out T> 
       : IReadOnlyCollection<T>, 
         INotifyCollectionChanged
{}

public class NotifyCollection<T> 
       : ObservableCollection<T>, 
         INotifyCollection<T>, 
         IReadOnlyNotifyCollection<T>
{}

public class Program
{
    private static void Main(string[] args)
    {
        var full = new NotifyCollection<string>();
        var readOnlyAccess = (IReadOnlyCollection<string>) full;
        var readOnlyNotifyOfChange = (IReadOnlyNotifyCollection<string>) full;


        //Covarience
        var readOnlyListWithChanges = 
            new List<IReadOnlyNotifyCollection<object>>()
                {
                    new NotifyCollection<object>(),
                    new NotifyCollection<string>(),
                };
    }
}

The [previously] accepted answer will actually return a different ReadOnlyObservableCollection every time ReadOnlyFoo is accessed. This is wasteful and can lead to subtle bugs.

A preferable solution is:

public class Source
{
    Source()
    {
        m_collection = new ObservableCollection<int>();
        m_collectionReadOnly = new ReadOnlyObservableCollection<int>(m_collection);
    }
 
    public ReadOnlyObservableCollection<int> Items
    {
        get { return m_collectionReadOnly; }
    }
 
    readonly ObservableCollection<int> m_collection;
    readonly ReadOnlyObservableCollection<int> m_collectionReadOnly;
}

See ReadOnlyObservableCollection anti-pattern for a full discussion.