Student Accommodation

Scape Student Living is capitalising on a surge in international and local students in Queensland by opening its Toowong development in Brisbane almost six months early, in time for the start of the 2019 academic year.

A hotel in Hobart’s CBD will be transformed into student accommodation after the budget travellers’ favourite was bought by the University of Tasmania for an undisclosed sum.

Hobart City councillor Holly Ewin has called on the University of Tasmania to prioritise students already living in residential accommodation for rooms in Hobart next year.

AMP Capital and the University of Melbourne have partnered in a 40-year deal to deliver $300 million worth of student accommodation.

The rapid expansion of health and aged care, student accommodation and data centres saw alternative assets show the fastest growth for JLL in Australia with revenue increasing 70% for the nine months to September compared with 2017.

Sydney group Intergen Property Group has snapped up a site in the heart of Adelaide for Singaporean company Wee Hur for a new $90 million student accommodation complex.

The former Geelong Grammar School has hit the market after renovators waved their magic wands and transformed it into a student accommodation facility.

The popularity of our education sector overseas, particularly from Asian students, has been a huge export success. It is now our number one service export and our third largest overall after iron ore and coal. 

The student accommodation market has seen an oversupply of studio-style product in recent years and the industry needs to improve fast or risk being left with a legacy of “anonymous” buildings, Hayball principal Thomas Gilbert says.