Students from China make up 27% of all residents living in student accommodation.
Many capital cities across Australia were expecting zero vacancy rates this year prior to the Chinese government announcement.
“We currently have less than 20 properties out of 1800 available for rent or about to become vacant, with as many as 30 groups at inspections. The rental market will be flooded by university students looking for shared home-type accommodation. Picture: NCA NewsWire/Bianca De Marchi Executive director of the SAC Torie Brown said that the supply pipeline for student accommodation is expected to be muted over the next two years, with much of the supply of new beds in 2024 coming to Sydney and Melbourne.
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