International students to fuel Brisbane rental recovery: Urbis

Alistair WalshSeptember 11, 2013

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.

Alistair Walsh

Deutsche Welle online reporter

Editor's Picks

Overseas buyer shares why she chose Melbourne Square in Southbank: Urban Buyer Q&A
Zero stamp duty available at The Collection in Alphington
Consolidated Properties buys riverfront Newstead site from Mirvac
First look: Lendlease secures approval for One Darling Point
City of Sydney backs Charter Hall’s $925m Hyde Park tower