Chinese students shine spotlight on critical rental drought
The supply of new student accommodation has dried up just as a major influx of Chinese students is expected and a rental crisis is entrenched in every state capital.
Student accommodation vacancy rates are at zero in some Australian state capitals. (Image source: Shutterstock.com)
The future of rental property markets around the country was plunged into further doubt when news broke in January that 40,000 Chinese students enrolled in Australian universities and schools, would return en masse in late February and March.
Already feeling the pinch from 1.5 per cent or lower rental property vacancy rates nationwide, accommodation options are limited, however, increased demand could push yields even higher on rental properties…
