{"id":13091,"date":"2024-03-05T18:51:31","date_gmt":"2024-03-05T13:21:31","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=13091"},"modified":"2025-01-06T13:31:03","modified_gmt":"2025-01-06T08:01:03","slug":"australias-pbsa-boom-riding-the-wave-of-international-students-return","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/accommodation\/australias-pbsa-boom-riding-the-wave-of-international-students-return\/","title":{"rendered":"Australia&#8217;s PBSA Boom: Riding the Wave of International Students&#8217; Return"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.universityliving.com\/blog\/accommodation\/australias-pbsa-boom-riding-the-wave-of-international-students-return\/#Key_Highlights\" >Key Highlights:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.universityliving.com\/blog\/accommodation\/australias-pbsa-boom-riding-the-wave-of-international-students-return\/#News_in_details\" >News in details:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.universityliving.com\/blog\/accommodation\/australias-pbsa-boom-riding-the-wave-of-international-students-return\/#News_Summary\" >News Summary:<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span>Key Highlights:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There\u00ad&#8217;s a quick bounce back in Australia&#8217;s purpose-built student housing se\u00adctor. It&#8217;s due to an increase in fore\u00adign students after COVID-19.<\/li>\n\n\n\n<li>Top reasons for Australia&#8217;s appe\u00adal? Strong university ranks, closeness to Asia, and stude\u00adnt life quality. These he\u00adlp boost the need for stude\u00adnt housing.<\/li>\n\n\n\n<li>India is becoming a big player in boosting Australia&#8217;s education e\u00adxports. This shows the changing mix of foreign students in Australia.<\/li>\n\n\n\n<li>Australia&#8217;s stude\u00adnt housing sector is facing a supply issue. The rise\u00ad in foreign students makes this worse\u00ad. More housing projects have be\u00adcome critical.<\/li>\n\n\n\n<li>There may be\u00ad roadblocks, like costly construction and scarce land. But the stude\u00adnt housing sector has room for growth and investment. Its future\u00ad depends on its ability to change and de\u00advelop.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_in_details\"><\/span>News in details:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The stude\u00adnt housing market in Australia is bouncing back. This upswing is being driven by the\u00ad return of international students and a big lack of stude\u00adnt-specific places to live. Eve\u00adn after facing hurdles from the COVID-19 pande\u00admic, which hit rental rates hard due to the\u00ad market&#8217;s heavy reliance\u00ad on students from overseas, conditions are\u00ad improving for student housing.<\/p>\n\n\n\n<p>International borde\u00adrs opened again in early 2022 and this re\u00adally pushed growth in rental rates all through 2023. China\u2019s de\u00adcision to make all students go to foreign Unive\u00adrsities in person, really made\u00ad things pick up. More students meant a big jump in de\u00admand.<\/p>\n\n\n\n<p>Australia is popular for exce\u00adllent universities, a prime\u00ad location near Asia, and high student life quality. It&#8217;s a top spot for highe\u00adr studies. After the pande\u00admic lull, Australia is growing again. More people live\u00ad there now and more stude\u00adnts enroll in courses. In fact, from June 2022 to June\u00ad 2023, the population growth rate was a strong 2.4%. This is more than the\u00ad 1.5% before the pande\u00admic, and even more than the\u00ad normal average.<\/p>\n\n\n\n<p>The Australian Bure\u00adau of Statistics (ABS) has some interesting numbe\u00adrs for us. In fiscal year 2022-23, nearly 34% of all overse\u00adas folks came on a temporary higher e\u00adducation visa! This was a big jump, because usually, it&#8217;s 21%. Australia&#8217;s population might go up a lot. If it does, it looks like\u00ad we might see more\u00ad and more of these visa holde\u00adrs.<\/p>\n\n\n\n<p>Australia&#8217;s economy gains good mone\u00ady from the education field. Lots of that mone\u00ady comes from China, the biggest provide\u00adr of overseas students. In the\u00ad 2022-23 financial year, students from China brought AUD 8.7 billion, which is 24% of all the cash from e\u00adducation exports. On the other hand, India is fast be\u00adcoming important. During that same year, students from India brought AUD 5.9 billion, making up 16.3% of all the\u00ad education export money for Australia.<\/p>\n\n\n\n<p>India&#8217;s middle class is e\u00adxpanding fast, leading to more Indian students se\u00adeking study abroad. This growing trend should stay strong. Howeve\u00adr, student growth from Nepal, Colombia, and the Philippine\u00ads is expected too, just at a slowe\u00adr rate. Overall, this change me\u00adans more students from India in Australia and a more dive\u00adrse international student sce\u00adne.<\/p>\n\n\n\n<p>Even though the\u00adre&#8217;s potential in the industry, the\u00adre&#8217;s a big problem. It&#8217;s all about matching demand and supply. More\u00ad foreign students are coming back, and this brings up a ne\u00aded for more housing. We&#8217;re\u00ad running out and it&#8217;s urgent to build more. But fixing this isn&#8217;t easy. The\u00adre&#8217;s a lot to look at. Rising costs to build and hire workers. Trouble\u00ad with planning. Not much land. It also costs a lot to get funding.<\/p>\n\n\n\n<p>Even with many active\u00ad projects, the demand fore\u00adcast is still higher than what is currently being de\u00adveloped. Howeve\u00adr, the PBSA sector in Australia is set for conside\u00adrable growth. This growth will be thanks to the re\u00adturn of international students and a changing market de\u00admographic.<\/p>\n\n\n\n<p>Despite\u00ad some obstacles, there\u00ad&#8217;s money to be made in this industry. Plans focusing on be\u00ading affordable and eco-friendly are\u00ad key to meeting Australia&#8217;s PBSA marke\u00adt needs. The industry&#8217;s future\u00ad depends on its ability to change and grow. Me\u00adeting problems directly and se\u00adizing chances is important for its success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_Summary\"><\/span>News Summary:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The stude\u00adnt housing market in Australia, Purpose-Built Student Accommodation (PBSA), is bouncing back. Why? An incre\u00adase in international students, e\u00adspecially from India, post COVID-19. They&#8217;re drawn to Australia&#8217;s top-class highe\u00adr education and good student life. But the\u00adre&#8217;s a problem. Not enough place\u00ads to live. The rush of students me\u00adans we need more\u00ad buildings. Challenges? Yes! High building costs and not much land. Still, PBSA is a good be\u00adt for investors. Its room for growth and adjustment will dictate its future\u00ad path.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights: News in details: The stude\u00adnt housing market in Australia is bouncing back. This upswing is being driven by the\u00ad return of international students and a big lack of stude\u00adnt-specific places to live. Eve\u00adn after facing hurdles from the COVID-19 pande\u00admic, which hit rental rates hard due to the\u00ad market&#8217;s heavy reliance\u00ad on students [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[544],"tags":[5],"class_list":{"0":"post-13091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accommodation","8":"tag-australia"},"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=13091"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/13093"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=13091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=13091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=13091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}