International students to fuel Brisbane rental recovery: Urbis
International students will play a vital role in the recovery of the Brisbane rental market, according to property analysts Urbis.
It says transaction volumes have increased and higher prices are being paid, especially for two-bedroom apartments.
“Urbis is of the view that the international student population will play a significant role in Brisbane’s economy, whereas previously the student market had been focussed on Sydney and Melbourne. This will translate into an improved rental market,” Urbis’s Jon Rivera told The Australian Financial Review.
“It’s not a new trend but it is being highlighted more in Brisbane now. We are still seeing some of the purchases being made from offshore.”
He says the Brisbane City Plan, currently before the council will be favourable for the market.