Juwai IQI released an outlook on how Australian landlords hoped to rent their units to international students who are going through a painful period in which international student numbers are steadily declining.
“Eight months ago, we advised investors to hold on to their inner-city property if they could afford to, but that there would be pain before gain,” said Juwai IQI Co-Founder and Group Executive Chairman Georg Chmiel.
“My advice is the same today. These assets have depressed values now, so it’s a poor time to sell. They are likely to gain value again relatively quickly as the student population rebuilds after travel restarts. This is a good market for investors who are brave enough to buy while prices are down.
“It is disastrous for investors who purchased at the high prices of the last couple of years. It is less so for those who no higher than what they have fallen back to this year.
