1 MIN READ‘Hold on to investment property’, the students will come back

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

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