There are fears Queensland could buckle under increased housing pressure supply as further international migration of students continues into the state. Data from the Education Department shows the Sunshine State recorded a 41 per cent spike in international students in the first six months of the year, equivalent to around 40,000 people. Around 16,000 of those are living in purpose-built student accommodation, which has forced many to compete alongside families. The housing market conditions are remarkably tight as rental vacancy rates continue to decrease, with rental prices increasing in multiple areas around Queensland. It comes as the state recorded vacancy rates in all but four regions across Queensland, which have dwindled to below one per cent.
There are fears Queensland could buckle under increased housing pressure supply as further international migration of students continues into the state.
Data from the Education Department shows the Sunshine State recorded a 41 per cent spike in international students in the first six months of the year, equivalent to around 40,000 people. Around 16,000 of those are living in purpose-built student accommodation, which has forced many to compete alongside families.
The housing market conditions are remarkably tight as rental vacancy rates continue to decrease, with rental prices increasing in multiple areas around Queensland. It comes as the state recorded vacancy rates in all but four regions across Queensland, which have dwindled to below one per cent.
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