Foreign student arrivals surge in Australian states
Kanebridge News
Share Button

Foreign student arrivals surge in Australian states

As the academic year geared up, overseas students returned to Australia in droves during February

By KANEBRIDGE NEWS
Mon, Apr 24, 2023 9:30amGrey Clock < 1 min

The number of foreign students returning to Australia is on the rise, spelling good news for suburbs with high levels of student accommodation.

Data from Ray White shows that 140,000 foreign students returned to Australia in February, with NSW and Victoria leading the way.

During the height of the pandemic in 2021, areas with higher levels of student accommodation saw significant falls, with Melbourne CBD recording the highest drops. Ray White chief economist Nerida Conisbee said rental levels in that city fell by 23 percent and prices dropped by 7 percent during 2021, which had a flow-on effect to commercial property in those areas, such as retail properties that relied on that market. Ray White data showed that prior to the pandemic, the numbers of foreign students rose steadily from just under 300,000 in 2006 to more than 800,000 in 2020 before falling to less than 100,000 during COVID.

However, figures show that 49,160 students arrived in NSW in February, with another 47,970 students heading to Victoria. Queensland was the next most popular destination, with 19,300 students arriving ahead of the start of the academic year, followed by Western Australia with 11,850.

Ms Conisbee said rents had already begun to rise quickly, reaching pre pandemic levels, although values had not kept a similar pace. That is expected to happen later this year, she said, noting she is hopeful it will spark a new construction cycle for further affordable student housing.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
Property of the week: 32 Isaac St, Spring Hill
By KIRSTEN CRAZE 08/11/2024
Property
America’s Empty Apartments Are Finally Starting to Fill Up
By WILL PARKER 07/11/2024
Property
The Wealthy Are Overpricing Their Homes. Auctions Show Just How Much.
By KATHERINE CLARKE 05/11/2024
Property of the week: 32 Isaac St, Spring Hill
By KIRSTEN CRAZE
Fri, Nov 8, 2024 2 min

Spring Hill Enviro-Cottage is the ultimate fairytale of old meets new, an architectural marriage of two distinctly different eras that seamlessly come together in 21st-century Brisbane.

The Isaac Street home is one of Spring Hills original workers’ cottages that in 2010 was expertly transformed into a uniquely sustainable home with all the modern-day must-haves and plenty of boxes ticked on the wish list too.

While preserving the classic Queenslander, the 286sqm property has been reimagined to deliver an innovative and eco-friendly address. 

Kitchen joinery has been crafted from reclaimed timber, there is environmentally friendly paint, a suite of energy efficient appliances, solar power, underground water storage, and an Eco Plunge Pool.

Although the charming period facade remains, the rear of the house has an ultra contemporary backdrop of patterned Corten steel privacy screens that minimise heat and create dappled light across the interior spaces. At night, the unique partitions geometric laser-cut design provides a star-like feature in the main bedroom suite.

The considered passive design principles extend to the strategically located louvres, doors and windows that draw in cooling breezes, while a vast skylight over the dining area and kitchen allows for plenty of natural light in winter. Burnished concrete floors keep the ground cool and grand walls of glass peel back to reveal a seamless flow to the outdoors with a grassed and landscaped private courtyard. 

Although the ground floor has been designed for everyday living and entertaining, the multi-purpose front room with ensuite is an ideal guest retreat or even a perfect ‘work from home’ space complete with a separate entry via the front patio. 

Upstairs, a mezzanine lounge provides another breakout area for families, and the two first floor bedrooms open out to the traditional full-width balcony overlooking the street. These bedrooms have built-in wardrobes and desks with a shared family-friendly bathroom.

At the rear of the footprint, a freestanding two-storey pavilion features yet another living space next to the pool with an integrated bar. Above the space the top floor main bedroom has an ensuite and walk-through wardrobe.

A long list of bonus features include ceiling fans in all bedrooms and living areas, a thermostat-controlled whirlybird to extract excess heat, a 5kW solar system with a SMA Sunny Boy inverter, a 20,000L rainwater tank, a filtering and UV disinfection system and a solar hot water system with 450L storage tank.

Although there is a lock up garage, this city-fringe home is within walking distance of Roma Street Parkland, Roma Street Station and Victoria Park. Brisbane Central State School is also only two streets away.

In keeping with Queensland consumer law, properties going under the hammer cannot carry advertised price guides.

This Brisbane home at 32 Isaac St, Spring Hill is on the market with Ray White New Farm with an auction date set for November 30. For details contact agent Samuel Angus on 0411 044 949.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Money
Why we’re working anywhere but the office
By Sara Mulcahy 07/11/2024
Property
The Trending Look That Has Home Designers Playing With Fire
By JENNIFER TZESES 12/08/2024
Lifestyle
Why It’s Easier Than You Think to Score a Coveted Table When Visiting Paris for the Olympics
By SHIVANI VORA 23/06/2024
0
    Your Cart
    Your cart is emptyReturn to Shop