Student accommodation providers learning lessons
Some harsh lessons have been dealt to the student accommodation sector, with international border closures delivering a sharp fall in occupancy rates.
Mirvac and John Holland's Waterloo Station Precinct plan includes a 500-bed student accommodation facility. Image: Mirvac
Some harsh lessons have been dealt to the student accommodation sector, with international border closures delivering a sharp fall in occupancy rates.
Purpose Built Student Accommodation operators were reporting near record occupancies ahead of the 2020 academic year getting underway.
Most accommodation providers nationally have reported a fall in occupancy levels, and income, of 20 to 50 per cent. With student rental demand very low at the mom…
