The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterTue 13 Sep 16

Research Reveals Big Changes In Student Accommodation Sector

iStock_27545909_SMALL_620x380

Knight Frank have recently released this year’s

September report for student accommodation trends, which indicates that the market has moved on at a dramatic pace since their report in June.

The report draws from the released 2015 enrolment data for full and part time, domestic and overseas students at Australian universities.

Knight Frank seems convinced that there is a good chance the numbers revealed by the report will act as additional fuel to the fast revving investor and developer engine, currently seen in the student accommodation sector.

The report found that full time students topped one million in 2015, with overseas students studying full time in Australia, growing in population from 116,304 in 2001 to 308,704 in 2015. It is the third consecutive year the number of full time overseas students enrolled at Australian universities has shown positive growth (5.5%).

There are have been 4,519 purpose built bedspaces become operational during the 2016 academic year, bringing the current total to 92,070 purpose built student accommodation (PBSA) beds operational in Australia, with the potential for a further 28,517 beds to be developed during 2017, 2018 & 2019.

The report says "over half of these bedspaces (57%) have opened in Melbourne and Geelong (2,582), including schemes at Melbourne, Monash, Victoria, RMIT and Deakin universities. The University of Tasmania also completed 120 purpose built studio apartments in Launceston in February 2016. Commercial providers are also adding to stock levels."With Australia's student visa framework (SSVF) simplified into a paperless system, which came into effect on July 1st 2016, international students will now apply for a single Student visa (subclass 500), regardless of their chosen course of study.

 

ResidentialAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
The 510-apartment Triniti Lighthouse development has received conditional planning approval despite community objections…
LATEST
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/research-reveals-big-changes-in-student-accommodation-sector