Demand for accommodation from the 50,000 Chinese students or more likely to return to Australian university campuses within weeks could fuel at least a 5 per cent jump in rents across inner Melbourne and Sydney and worsen rental shortages, experts say.
The Chinese government edict, issued at the weekend, that its students return to campuses for face-to-face teaching, will supercharge the recovery of the student accommodation market and spill over into private rental markets.
Julie Hare is the Education editor. She has more than 20 years’ experience as a writer, journalist and editor. Connect with Julie on Twitter. Email Julie at julie.hare@afr.com
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
