Australia has always been a hotspot for property investors, especially those from Malaysia and Singapore, with the most common reasons being education, proximity, family and affordability.
A recent report by Student.com, an online marketplace for international student accommodation, found that Australia is becoming a popular place for overseas students from around the world, with two of its cities among the top three most searched locations on its website.
While London has the top spot for student accommodation searches, Sydney and Melbourne follow closely behind at number two and three respectively, with Brisbane placing a respectable place at number ten. Besides these three cities, others such as Canberra, Perth, Adelaide, and the Gold Coast are seeing a surge in interest and bookings from international students.
There are plenty of reasons why many young people are looking to Australia as their top choice for pursuing tertiary education. The country is home to some of the world’s best universities, the weather is great and if the students are travelling from other parts of Asia they stay on the same or a similar timezone to everyone back home, which always helps ease the transition from home.
In fact, it can be said that these are among the main reasons why Malaysians love to invest in Australian properties. The top source country for international students in Australia is China, followed by Hong Kong, Malaysia, India and Singapore in second to fifth place respectively. The top five are all Asian countries, which goes to show Australia’s popularity for further education in the region. That is why student accommodation is a good avenue to look into if you’re planning to purchase property in Australia for investment purposes.
Melbourne is the hotspot for education in Australia, home of prestigious universities such as the University of Melbourne, RMIT University and Monash University, just to name a few. Hence, student accommodation is in big demand here. As an investor, take your pick from these Melbourne developments, from peaceful suburbs to swanky high-rises in the heart of the city.
Students who prefer more tranquil surroundings and relatively cheaper cost of living might opt for Murdoch University in Perth, Western Australia. Not only is it one of the country’s leading research institutions with a growing number of industry partnerships to its name, the university is also a melting pot of cultures and nationalities, with 45% international students. Park Avenue and Peregrine Estate are some new developments that are suitable for investment as student accommodation due to their strategic location and affordability.
Are you planning your Australia investment portfolio now? Then check out our Estate123 Overseas section for more exciting projects from Down Under!