Australia & New Zealand

A new student housing development in Sydney’s eastern suburbs is reshaping the connection between student living and community life, with the completion of Scape Kensington in Randwick. 

Multiplex has topped out Journal Student Living’s $194 million Market Way PBSA project in Melbourne’s CBD, a 40-level development delivering 715 rooms and 1,010 beds with extensive communal amenities and 172 bicycle spaces, reflecting student transport preferences.

Singaporean developer Centurion plans a $300 million project at 200 North Terrace, Adelaide, featuring three towers including a 30-storey student accommodation building, with construction expected to start in 2027 pending planning approval.

Journal Student Living acquired a 2747 sqm site on North Terrace, Adelaide, for $26.29 million, planning a $400 million student accommodation tower that marks its entry into the Adelaide market and aims to address the city’s significant housing shortfall for students.

AustralianSuper acquired the 253-unit Aster House student accommodation in south Belfast from Harrison Street Asset Management in December, as part of a £560 million UK Living platform focused on high-demand university locations.

Panorama Investment Corporation secured approval from VCAT for a revised student accommodation project at 21-25 Bouverie Street, Carlton, after reducing the development from 29 to 17 storeys and cutting beds from 510 to 324, addressing City of Melbourne concerns on design, heritage, and amenity impacts.

Developer Sirona Urban and landowner Seven Entertainment Pty Ltd have submitted plans for a $170 million, 33-storey student accommodation tower at 18-28 Telethon Avenue, Perth CBD, featuring 854 beds and extensive communal amenities near ECU City campus and RAC Arena.

The Northern Territory Government has amended the NT Planning Scheme 2020 to fast-track the conversion of vacant commercial buildings in Darwin CBD into student accommodation, hostels, guest houses, and worker accommodation, with a two-year window for expedited approvals.

Centurion Accommodation REIT (CAREIT) has completed the acquisition of EPIISOD Macquarie Park, a newly developed 732-bed purpose-built student accommodation (PBSA) asset in Sydney, Australia.

Scape is paying $49.5 million for the 2017 square metre site. Scape has picked up a permit-ready student accommodation site in Sydney’s inner south. EG won permitted for the 200-unit complex last year. The 2017