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ARTICLE · 24 MARCH 2014

Student accommodation - getting the right solution

It is widely recognised that universities need to help meet student accommodation demand to secure student enrolments.

AustraliaReal Estate and Construction

It is widely recognised that universities need to help meet student accommodation demand to secure student enrolments. The objective is clear, but universities need to decide whether to achieve it by providing the solution themselves or using an external provider.

A major driver of the increased demand for university facilitated student accommodation in recent years has been the influx of foreign students to Australian universities. Questions have been raised about the level of growth in student accommodation demand that will exist in the future and whether the market is reaching maturity. While a great deal of demand has been met, it continues to grow at many universities, as shown by research such as Knight Frank's August 2013 Research Insight – Student Accommodation, Inner Sydney Market. Sources of demand other than foreign students also exist, such as replacement of ageing stock and interstate enrolments.

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