Amber's Australia Student Accommodation Annual Report (2024-25)

Australia Student Accommodation Annual Report (2024-25)

Australia has experienced a significant shift in recent years due to the surge in international student enrolments in the last two years. As of May 2024, the number of active international students reached 701,262, highlighting rapid growth in enrolments from outside Australia. Moreover, international education contributed $47.8 billion to the Australian economy, with $30.5 billion generated from goods and services and $17.1 billion from tuition fees.

The country's 20 prestigious universities captured their spot in the Top 300 QS World University Rankings, including the University of Melbourne, the University of Sydney and the University of New South Wales among others.

However, recent changes in visa policies and the cap on international student enrolments have had a significant impact on the market. In July-December 2023, 195,934 student visas were granted, marking a substantial 31% decline from 283,940 approvals in the same period last year.

Amber's Australia Student Accommodation Annual Report (2024-25), provides a comprehensive analysis of the student housing market. The report highlights supply-demand dynamics with respect to international students migrating from key source countries, top states, top universities, the impact of visa policy changes and more.

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Key Highlights from Australia Student Accommodation Annual Report (2024-25)

• Student Housing Bed Share: Private accommodation accounts for 70.3% of bed share, followed by PBSA with 6.4% and On-Campus with 3.2%.
• Impact of Visa Policy Changes: Despite an increase in applications, only 195,934 student visas were granted, marking a substantial 31% decline as compared to last year.
• Top States for International Students: New South Wales leads with 311,111 (May 2024) international student enrolments, whereas Victoria, Queensland, South Australia and Western Australia follow closely.
• City-Wise CAGR & Yield: Unveil city-wise CAGR and PBSA rental yield for top cities including Sydney, Adelaide, Melbourne, Brisbane, Perth, etc.
• International Student Enrolment Projection: International student enrolment numbers are expected to drop due to visa policy changes, reaching 662,496 in 2028.
• Top Source Countries: China, India, Nepal, Vietnam, and the Philippines contribute to 56% of the total international enrolments in Australia.
• Rental Yield & Growth: The Australian student housing market demonstrates strong performance with a 9.04% national average rental yield and 9.78% rental growth.
• Student Housing Development Pipeline: 19,000 new beds are expected to be completed by 2027.

Amber's Australia Student Accommodation Annual Report offers data-driven insights into growth opportunities and challenges, helping student housing manager, operators, marketeers and investors to future-proof their businesses in this dynamic market. Download this exclusive report now!

About amber

Amber is a technology and data-driven company providing student housing solutions since 2016, to 500+ property management groups and operators across the UK, Australia, the US, Canada, Europe, and other major education destinations. We specialize in the international student market with a reach spanning over 160 origin countries, catering to a network of 80 million students globally. Amber strategically collaborates with partners to future-proof their businesses within an ever-evolving market landscape.