In brief - Australian market offers opportunities for student
accommodation providers
Although Australia's universities continue to attract
international students, there is a serious shortage of student
accommodation in Melbourne, Sydney and Brisbane. Developers may be
reluctant to invest in this market, preferring quick profits from
residential development, but governments are showing signs that
they are willing to offer financial incentives. While further
investment is imminent, governments will need to do more.
Australia ranks high as education destination but lacks student
accommodation
Education remains a constant cornerstone of the Australian
export market, epitomised by recent Department of Education
research that ranks Australia as the fifth most popular place in
the world to study. This international demand for tertiary
education does not appear to be waning, with the Department
forecasting a 30% increase in international students by the year
2020.
