© Property Professor articles — www.thepropertyprofessor.net.au.
Reproduced with permission.
Peter Koulizos believes that now is time to capitalise on increasing student numbers – featured in Your Investment Property Magazine.
Melbourne and Sydney have been named in the top 10 cities for students to live in, according to a new report by global ranking company QS.
Australia was the only country to have two cities in the annual QS Best Student Cities 2012 top 10, with Melbourne being ranked fourth and Sydney sixth. The other Australian capital cities that featured in the top 50 were Brisbane (22), Perth (25) and Adelaide (29).
Australian cities scored well for their quality of living and student mix, but rated poorly for affordability. Their average ranking of 29 out of 100 for affordability put them in amongst the most unaffordable student cities in the world, according to QS.
The news comes in the wake of new figures that reveal that Australian universities are approaching record enrolment numbers. More than 220,000 university offers were made this year, an increase of 4% from this time last year, according to data from the Department of Industry, Innovation, Science, Research and Tertiary Education.
Property academic and author, Peter Koulizos believes that now is time to capitalise on increasing student numbers. “There are currently great opportunities available to invest in student housing,” he said, adding that potential investors should follow a few rules.
“Properties should be close to university campuses and public transport, you need at least four students to make it work, and stay away from purpose-built student accommodation,” he said.
• Peter Koulizos, university lecturer, author and property advocate.