AUSTRALIAN PROPERTY INSIGHTS
CAMPUS QUARTER
ANNUAL COST OF AN UNDERGRADUATE DEGREE FOR INTERNATIONAL STUDENTS IN ANGLOPHONE COUNTRIES CHART 4
120,000
100,000
80,000
60,000
40,000
20,000
-
USA
UK
Canada
Australia
New Zealand
Tuition
Accommodation
Living Cost and others
Source: Times Higher Education (2023)
SUSTAINED ASIAN MOMENTUM Much of Australia’s international student demand is concentrated in Asia. This regional orientation gives Australia a distinct competitive edge over other the US or Europe: • S horter flight times and minimal time zone difference F rom most major Asian cities, Australia is significantly closer than the US or Europe. Australian cities are within 1 to 3 hours of most Asian time zones, compared to 8-to-12-hour time differences with the US or UK. • Relative value T he Australian dollar has depreciated against the Chinese and Indian currencies over the last year and is significantly weaker than the currencies in the US and UK. Along with this, tuition fees are substantially lower than the UK and US. • D omestic Student Mobility: A Growing Force G rowing domestic student mobility is also adding to PBSA demand. In 2024, over 230,000 Australian students chose to study interstate. This represents 21% of total full-time enrolments, up from just 12% in 2009. W ith limited on-campus stock and traditional shared housing less viable for first-year students due to rising rents, making PBSA the most suitable option for this group.
Cedar Pacific UniLodge. Kensington
6
CUSHMAN & WAKEFIELD
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