'We've gone from $199 a week to $340': Student accommodation prices skyrocket as semester approaches
But the return of international students has sent prices back to pre-pandemic rates, and in some cases, even higher.Sunshine Coast father Chris Foster was stunned when his 18-year-old daughter received notice of a rent increase for her room in a six-person apartment in Brisbane.
"So I think we can say pretty safely that Brisbane will be having very few, if any, student accommodation beds vacant."Providers have attributed rising rents to inflation and increased operating costs. "You've got to charge a fair price for a fair product, but you also have to survive through the whole thing," he said.
"By the end of last year, we were probably just about back to where we would have been in 2019 – our rates here are only $10 more than what they were three years ago," he said.Rental market just as tough
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dumped Brisbane councillor claims mayor was threatened to assist LNP ‘conspiracy’A former Brisbane councillor is suing for defamation and alleging she was dumped because she could not be relied on to exert her powers to benefit certain property developers. Read details ⬇️
Read more »
Brisbane set for another sweltering sleep after last night’s balmy low of 26Hoping for a cooler sleep tonight? You might be in for some disappointment, with the temperature and humidity again tipped to make for another uncomfortable night in bed. 🥵
Read more »
‘Fighting the invisible’: Brisbane lab on hunt for plastic in human brainsA metal chamber in a metal room in a sealed Brisbane lab contains one of the rarest things on earth – a plastic-free space. And it’s being used to detect toxic trespassers.
Read more »
The world's first flying race car among suite of new technologies inspired by Olympic Games 2032Smart stadiums, flying taxis, holographic technology and flying race cars are among the new technologies those in the industry say will be commonplace by the 2032 Brisbane Olympic Games.
Read more »
Aussie underdog to launch protest after denied world title: ‘Unbelievable’Liam Wilson’s corner will launch a protest after he was denied an incredible underdog boxing world title, beaten by favourite Emanuel Navarrete despite flooring the Mexican in the fourth round. 7NEWS
Read more »
Connolly steers Perth Scorchers to stunning Big Bash glory against HeatPerth Scorchers’ 19-year-old Cooper Connolly smashed an unbeaten 25 to see his side over the line in a nail-biting five-wicket win against Brisbane Heat
Read more »