Investors in accommodation favoured by international students should hold on, as analysis predicts student numbers will exceed their 2019 peak once international borders reopen.
The loss of international students as a result of international border closures due to the COVID-19 pandemic has hit NSW and Victoria hard, with Melbourne suffering “the sharpest pain”, according to Asian real estate advertising and sales platform Juwai IQI.
“International students tend to concentrate in a smaller number of suburbs [in Melbourne] than in Sydney. In Sydney, the international student population tends to be less densely centralised,” said Juwai IQI Group co-founder and executive chairman Georg Chmiel.
Source: Financial Review
