Hayball Arina Director and higher education expert Geoff Hanmer recently talked to Fairfax about the need to find more sustainable student housing models.
A combination of falling Australian dollar values, rising demand from China and growth in international education is expected to significantly increase the need for student housing over the next three years. Geoff predicts that the higher education sector will enrol about 1 million effective full-time students by 2016-17. Of those students, about 350,000 will live away from home and need accommodation, generally in Sydney and Melbourne.
Geoff called for Australian Universities to look at their large sums of developable land as a Australian government figures show the number of international students starting higher education courses were up 5.1 per cent over the year to March but vocational students were still falling, down 6.1 per cent.