Summary:
- Australia’s purpose-built student accommodation pipeline has grown to over 47,000 beds, with more than 14,100 beds under construction, reflecting ongoing expansion driven by state government policies rather than solely by international student demand locations.
- Melbourne leads the national pipeline with 12,656 beds mostly in planning stages, while Perth shows strong construction activity with 4,224 beds underway, as investors shift capital toward states offering clearer, more stable regulatory environments.
- Regulatory challenges in New South Wales and Queensland, including break lease provisions and land tax settings in Victoria, are slowing project delivery and contributing to under-supply in key markets like Sydney despite high international student populations.
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