Ultimate Guide to Types of Student Accommodation in Australia

In recent years, Australia has emerged as a global education powerhouse for higher education, attracting a significant influx of international undergraduates and graduates to its shores. Apart from its boost in the number of educational institutes for higher education, the country is also constantly improving its accommodation choices to cater to a diverse group of international students.

However, amid the excitement of embarking on an education journey, one of the primary concerns often looms large for international students is finding suitable and budget-friendly accommodation.

In this blog, we'll explore the various types of student accommodation in Australia, catering to international students seeking a comfortable home, and the role of property management groups (PMGs) in providing quality accommodations in this thriving market.

Quest for Quality Student Accommodation in Australia

For prospective international students looking to study in Australia, there are several things to assess and consider before they migrate to the country. The first and foremost is usually the quest for finding quality accommodation. Let's explore the range of student accommodation in Australia. These options vary in terms of cost, location, amenities, and the level of quality living they offer. Here are some of the different types of student accommodation in Australia that you can consider:

I. On-Campus Student Accommodation Australia

Many Australian universities offer on-campus accommodation through halls of residence and residential colleges. This type of accommodation is often located at a convenient distance from the university campus, making it a popular choice amongst first-year students or those who prefer an organized and secure living experience. The rental prices and availability of on-campus accommodation may vary depending on the university and its location.

1. Hall of Residence - Catering Convenience & Community

Halls of residence offer affordable and comfortable accommodation near or within the university campus, either owned by or associated with universities. The type of rooms offered includes shared bedrooms and communal spaces, such as kitchens, bathrooms, study areas, common rooms, or apartment-style housing with private kitchens and bathrooms, depending on the institute.

2. Residential College Housing - All-Inclusive Living

This type of student accommodation in Australia is more prevalent among international students, as it is the most convenient and secure place to stay. One can get facilities with all-inclusive amenities such as a fully furnished room, daily meals, library facilities, Wi-Fi, and room cleaning at such accommodations.

💡Costs of halls of residence in Australia may vary depending on the university. However, they typically range from $200 to $650 per week, including most utilities.

II. Off-Campus Student Accommodation Australia

If on-campus accommodation is not an option or if you prefer more independence, there are many options for off-campus accommodation in Australia. These range from renting a room in a shared house to securing a studio apartment or even an entire apartment.

1. Managed Student Accommodation - Tailored for Students

A managed student accommodation, also known as purpose-built student accommodation (PBSA) is specifically built by private developers wherein an entire block is dedicated to housing around 100-400 students on average. However, this may vary for different projects. These types of student accommodation are usually built close to all major university and college campuses and offer furnished ensuite apartments and private studios with recreational facilities and modern perks like cinemas, gyms, and games rooms.

💡The cost of PBSA varies depending on the location, room, and amenities provided. On average, you can expect to pay around AUD 99 to AUD 800 per week

2. Private Rentals- Flexibility and Independence

Private rentals are also another popular type of student accommodation in Australia for international students who prefer greater independence and flexibility. This type of accommodation can either be furnished or unfurnished and involves renting a house or apartment from a private landlord or through a real estate agent.

Students have to present their passport, proof of identity, reference, cover letter, and, most importantly, their Australian student visa to rent this type of accommodation. They are also required to pay bills for gas, water, and electricity separately; along with paying rent in advance and also the security payment of ‘one month’s rent paid up-front’ commonly known as bonds.

💡The average cost of private rentals ranges between AUD $100 and AUD $500 per week. (Source: Getmyuni)

III. Homestays in Australia

Homestays are one of the most budget-friendly and increasingly popular student accommodation in Australia amongst international students. Homestays involve living with a host family that provides you with furnished rooms, meals, and other basic necessities. Homestays can be an excellent choice for first-year undergraduates who want to experience authentic Australian culture while studying abroad.

💡A homestay in Australia may cost between AUD 250 - AUD 400 per week, depending on the type of meals, utilities, and rooms chosen. (Source: Leverageedu)

Top Cities in Australia for Student Accommodation

Australia's student housing market is on an upward trajectory, driven by its thriving education sector and the steady influx of international undergraduates. According to amber’s Student Housing Report 2023, Australia's education sector has witnessed exponential growth, with a remarkable 27% increase in international enrollments in the first quarter of 2023 alone, totaling 613,217 students. Here are the top cities in Australia that offers promising investment opportunities to property owners and property management groups (PMGs):

1. Melbourne: A Hub of Educational Excellence

Melbourne stands out as a prime destination for international students as well as student housing investors. Here's a closer look at the rental dynamics and growth potential:

• Rental Analysis: Melbourne's student housing market enjoys robust demand, thanks to prestigious institutions like the University of Melbourne, Monash University and many more. Rental rates for both on-campus and off-campus accommodations are competitive, ranging from affordable shared apartments to upscale private studios.
• Growth Perspective: Melbourne's bustling student population, combined with a thriving cultural scene, ensures a constant demand for student accommodation in Australia. The city's reputation as a global education hub continues to attract higher education aspirants from around the world, making it a hotspot for student housing investments.

2. Sydney: Where Prestige Meets Diversity

Sydney, home to prestigious institutions like the University of Sydney and the University of New South Wales, offers a unique mix of academic excellence and cultural diversity:

• Rental Analysis: Sydney boasts a diverse and dynamic student population, including a significant number of international students. The high demand for student accommodation in Australia, particularly from international scholars, has resulted in competitive rental rates. Investors can expect favourable rental income from both on-campus and off-campus accommodation.
• Growth Perspective: Sydney's appeal as a global city ensures a continuous influx of students. The city's reputation for academic excellence and cultural richness solidifies its position as a top choice for students. This sustained demand bodes well for property investors, making Sydney a lucrative student housing market.

3. Brisbane: Sunshine and Opportunity

Brisbane, known for its pleasant climate and student-friendly lifestyle, is another attractive destination for student housing investments:

• Rental Analysis: Brisbane features institutions such as the Queensland University of Technology and the University of Queensland. The city's affordability and pleasant climate make it an enticing option for students. Rental rates for accommodations are competitive, making it an appealing choice for property investors.
• Growth Perspective: Brisbane's growing undergraduate population, coupled with a range of housing opportunities, presents a promising investment landscape. The city's student-friendly environment and proximity to major universities contribute to its potential for steady rental income.

4. Perth: Rising in Student Popularity

Perth, home to the prestigious University of Western Australia and Curtin University, is witnessing a surge in the number of international students in recent years:

• Rental Analysis: Perth's student housing market offers furnished ensuite apartments and private studios, providing a range of rental options. The increasing demand for student accommodation has led to competitive rental rates, offering attractive returns for investors.
• Growth Perspective: Perth's rising enrollment of international students indicates a growing need for student housing. Investors can capitalize on this trend by providing quality student accommodation in Australia with modern amenities. The potential for student housing investment in Perth is on the rise.

5. Adelaide: Affordable & Quality Student Living

Adelaide, hosting the University of Adelaide and Flinders University, offers a budget-friendly cost of living and a high quality of life:

• Rental Analysis: Adelaide's affordability makes it an appealing destination for students. Rental rates for student accommodations are relatively low compared to other major cities. Investors can expect steady rental income, particularly for well-maintained properties.
• Growth Perspective: Adelaide presents opportunities for student housing investments catering to domestic and international students. Its reputation for affordable yet high-quality living attracts students seeking value for their money.

6. Canberra: A Capital Investment Opportunity

Canberra, home to the Australian National University (ANU) and the University of Canberra, is a smaller but steadily growing student hub:

• Rental Analysis: Canberra's smaller student population translates to a relatively limited off-campus accommodation supply. This scarcity results in competitive rental rates for investors. Properties close to universities are in high demand due to convenience factors.
• Growth Perspective: Canberra's growing student population, limited off-campus housing options, and the presence of prestigious institutions create opportunities for property investors. With the right investments, investors can thrive in this niche market.

Wrapping it Up

So, whether you're a student in search of the perfect place to call home in Australia during your studies or an investor seeking to tap into the student accommodation goldmine, Australia's diverse options, and top-tier education institutions can be an attractive choice for either. So, embark on your educational journey or investment venture with confidence! And when it comes to fulfilling your student housing expansion needs – list your property with amber today and set the wheels in motion for your success.

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