RESIDENTIAL PROPERTY
THE Albanese government has promised to limit international students with a cap on each university, while boosting student accommodation to cut back pressure on the private rental market...
The 2024-25 Budget identified the international education sector as a national asset but noted enrolments have not been met with an adequate increase in student housing...
“To deliver more accommodation for students and to reduce pressure on the private rental market, the government will work with the higher education sector to develop regulations that...
A new formula is now set to introduced to will place a cap on how many international enrolments each university can take and how much housing they build...
The announcement has been welcomed by the purpose-built student accommodation (PBSA) sector, though not without concerns...
“While we wait to see the proposed regulations, the industry is ready to work with the higher-education sector to deliver the student accommodation they need. This includes placing students into...
“However, the government needs to be careful in how they implement these reforms. There is a lot of capital already invested and looking to invest in Australian PBSA – and...
The Student Accommodation Council also calls on the government to be clear about how many of the forecast 260,000 migrants will be student visa holders...
Meanwhile the largest owner, developer and operator of PBSA in Australia, Scape Student Living, have welcomed the federal engagement on international education but is calling on...
“While the Framework represents a significant step forward, ongoing collaboration is crucial to ensure its success. It took a global pandemic for the immense value of international students...
“Recent NAB research confirmed their critical contribution, with international students supporting *50% of 2023 GDP growth. But poor decision making at state and local level has...
“We commend the Federal Government’s commitment to understanding the sector’s nuances, however, inconsistencies at the state level create uncertainty for investors,”...
“For instance, Victoria grants exemptions to Build-to-Rent projects while imposing taxes to PBSA that discourage investment. This creates a mixed message that is not conducive to...