Auskor Australasia   

        Invest In Your Success

Seeking  Investment Partners For Joint Venture Student Accommodation Development Projects In Australia

                            

Home
CEO
Services
News
Opinion
Joint Ventures
Resources 

 

Student Accommodation    -     Expert Opinion

September 2007


Australian Rental Crisis Forces Education Providers Into Action

 

As seen on the Auskor Australasia News webpage last month:

 

Quote:

" This month has seen a noticeable increase in enquiries from University's and private education providers alike, seeking Auskor Australasia's expertise in developing a managed accommodation portfolio on their behalf.

With rental vacancy levels sitting at less then 2% in most major cities in Australia and mortgage interest rates on the rise decelerating any growth in rental property stock, education providers can no longer rely on the private rental market to adequately cater to an increasing number of student enrolments. "

Auskor Australasia welcomes the follow up report printed by The Sydney Morning Herald on 3 September 2007 with the headline,  " Uni's build to solve home crisis  ".

Harriet Alexander, Higher Education Reporter, writes " THE rental crisis is forcing universities to build more accommodation for students who have been squeezed out of nearby suburbs and into overcrowded apartments far away from their campuses."

The article reads:

" The University of Technology, Sydney, wants to more than triple the number of beds it offers by expanding one of its existing buildings and creating a village-style area that would house an extra 1100 students.

"The university was aware that students were living in apartments filled with many times the amount of specified occupants. "If we feel that we can contribute to the reduction of that problem we will do so," said a deputy vice-chancellor, Patrick Woods."

"The University of Western Sydney plans to build new accommodation at Penrith and Parramatta for international students. These students, who do not have the option of living at home, are increasingly living in cramped conditions as rents have risen over the past year, said Shehbaz Singh, the NSW convenor of the National Liaison Committee for International Students.

"I've seen 10 students living in a two-bedroom apartment. Some live in places like Penrith and Mount Druitt, traveling every day to the campus because they find it very hard to get accommodation close to the university in the city, either because they can't afford it or the real estate agent will not give it to them.

"A normal resident would not live in these places where I've seen some students living. It's dirty, it's infected with pests, cockroaches. I found it really hard to stay even a night where my cousin was living. They were sleeping on the carpet."

It was difficult to find real estate agents who would take them in the first place because most required references from previous landlords, Mr Singh said.

The proportion of international students in universities is growing. Margaret Edmond, director of student services at Sydney University, said this meant universities had to continually look for ways to accommodate them. Students liked to live next to their campus, but this was becoming less of an option at Sydney University as the surrounding suburbs gentrified, said Dr Edmond.

The university offers more than 2000 student beds through a mixture of residential colleges, apartment living and university-owned terraces. It also organises rental properties. "We're very concerned. I guess part of it is we want to provide quality accommodation for students rather than living on a train line, so a lot of it is wanting to create that student experience."

For up to date student accommodation market intelligence engage an Auskor Australasia consultant today. If you are interested in exploring the feasibility of a student accommodation project or require a team of professional consultants to develop or manage a student accommodation business contact us.

Contact Us


Address:    Auskor Australasia; P.O. Box 3379, Rundle Mall, South Australia, 5000, Australia;

Office: + 61 (08) 8337 1660; Mobile: + 61 (0) 421 319 711

Email:   info@auskor.net ABN:  062 300 675 840; Skype: auskor.australasia

            ** Sydney ** Melbourne ** Adelaide ** Brisbane ** Perth ** Gold Coast ** Singapore ** Kuala Lumpur ** Tokyo ** Seoul ** Shanghai ** Bangkok **

 

Home / CEO / Services / News / Opinion / Joint Ventures / Resources

Send mail to sitemaster@auskor.net with questions or comments about this web site.
Copyright © 2005 Auskor Australasia
Last modified: 05/04/08