An estimate of $31.9 billion was injected into Australia’s economy through international students. The global average for international students enrolling is around 7%, while Australia claims the world’s highest concentration with 20%. It is further noted that foreign student enrolments have risen by 73% over the last 5 years. As a result, this has further inflated the demand for rental residential opportunities situated within close proximity to Universities.

Students increase population growth

International students contribute to the year-on-year population growth; with Australia welcoming a record 693,750 international students in the country in 2018. Due to the changes made to the international student enrolment process, through the Simplified Student Visa Framework (SSVF), Australia has seen continued growth within the international education sector. Comparatively, Australia’s education is also more affordable than that of the United Kingdom and United States of America. Furthermore, 19 of Australia’s universities are ranked on the world’s Top 500 University list.

Demand for rental property in Australia

Due to the increase in international students entering Australia, the need for centrally located property rental opportunities has come into demand. Brisbane is one of the top three capital cities in Australia that saw approximately 15,44% international student population in 2018. As the demand for student accommodation continues to be in high demand, recent research by JLL, a real estate firm, estimated that Australia is going to see the student accommodation sector grow to 100 000 beds by December 2022.

As an offshore investor, the student accommodation demand is just one sustainable and growing factor to consider when purchasing property in Australia. Keep in mind, the affordability when renting, as well as the proximity to shopping centres, schools and transport systems.  Register your interest and gain exclusive insight into new residential investment opportunities.