According to Jones Lang LaSalle (JLL), a global provider of real estate and investment services, Australia’s third largest export industry is education. With high tertiary education standards, hassle-free study visa opportunities and proximity to Asian countries; the Australian tertiary education system attracts a high volume of local and international students.
Australian universities have shared that the percentage of international students varies between approximately 2% – 45%. The Australian newspaper reported that the Department of Education acknowledged approximately 812 000 international students living, working and studying in the country. With the continued influx of students into Australia, it is no wonder that the student accommodation property market is a lucrative investment to look into.
The warm-weather, security, ease of living and high quality and vibrant lifestyle make Australia an attractive place for students. Further to the Savills 2019 Global Living Report, 6 Australian cities are identified, among 100 cities around the world, to be the most youthful in 10 years’ time. Canberra leads the lot with 37%, while Brisbane and Melbourne rank second with 36%.
Brisbane offers a myriad of potential offshore investment properties that are ideal to rent out to students or families looking to move closer to schools and universities. Brisbane boasts three of the top universities that were ranked in the annual QS World University Rankings, including University of Queensland, which placed 47th globally.
Register your interest and learn more about the new developments launching in this future ‘youthful’ property market.
