Log in or Sign up

Adelaide rental crunch as student influx raises prices

Discussion in 'Property Management' started by Simon Hampel, 2nd Feb, 2009.

Join Australia's most dynamic and respected property investment community

Simon Hampel Founder Staff Member

Joined:

3rd Jun, 2015

Posts:

12,415

Location:

Sydney

AdelaideNow... Adelaide rental crunch as student influx raises prices

AN influx of international students is pushing up rents in near-city suburbs and areas close to higher-education campuses, agents say.

Property managers say students from overseas are prepared to pay up to $50 a week more than the rental asking price in areas such as Prospect, Payneham, Bedford Park and Walkerville.

The State Government predicts South Australia will host a record 30,000-plus international students this year.

George Noicos property manager Marie Noicos said a "definite international student influx" was affecting rental prices.

"Interest is a lot stronger and it's driving up prices in areas like Prospect, Blair Athol, Kilburn, Enfield and Nailsworth," she said.

"They (international students) are usually prepared to pay at least 10 per cent more."

Sought-after areas include Everard Park, Plympton and Bedford Park, near Flinders University, and Norwood and Walkerville.

Cocks Auld residential asset manager Cheryl Smith said while January and February were the busiest for university students seeking accommodation, demand this year had been "extremely strong".

... (more)
Click to expand...

Simon Hampel, 2nd Feb, 2009

#1

(You must log in or sign up to reply here.)

Join Australia's most
dynamic and respected
property investment community Sign up now!

Staff Online Now

The Y-man
Moderator
Simon Hampel
Founder

Members Online Now

Total: 3,898 (members: 61, guests: 3,282, robots: 555)

New Posts

Interior wall paints and safety

Latest: The Y-man, 26th Apr, 2024 at 6:35 PM

Renovation & Home Improvement
Neighbour asked us to cut down large tree in order to build.

Latest: Bombastic Side Eye, 26th Apr, 2024 at 6:33 PM

Landscaping
Seeking Advice: Best Investment Strategies for Securing Children's Financial Future

Latest: Sgav, 26th Apr, 2024 at 6:28 PM

Share Investing Strategies, Theories & Education
New Movies at the cinemas

Latest: Redwing, 26th Apr, 2024 at 6:27 PM

Living Room
Is war inflationary?

Latest: Casteller, 26th Apr, 2024 at 6:22 PM

Property Market Economics

Sponsors

Accountants - Washington Brown Values Your Time

At Washington Brown, we prioritise our referral clients and guarantee a turnaround time of 7 days. Find out about other benefits of our Referral Partner Program and get in touch today. You and your clients will benefit.

» Get In Touch Today
Property Tax Professionals, Servicing the World

Our clients are global and know we are property tax professionals. Our advisers are qualified and experienced and we don't outsource. We can help with complex CGT, Income Tax, and Developer issues. Property is our speciality incl Trusts, Co and SMSF

» Contact us today
Meet Garry, a HNWI.

Meet Garry, a "High Net Worth Individual". See how Auswide Buyers Agency balanced his portfolio with residential and commercial purchases, saving him time while running his business and caring for his young family.

» View his story

Forum Statistics

Discussions:: 68,775

Posts:: 1,315,630

Members:: 37,433

Latest Member:: Bombastic Side Eye

Special Offers

Sponsors

Advertisement

Australian Property Talk Podcast

Australia's favourite new property podcast, talking all things property, economics & lending with two ex-Treasury Economists. Tune in weekly to get live updates on the Aussie economy, what's happening in lending markets and on the ground

» Check it out >

Advertisement

Strategies to fight inflation and rate rises

Achieving debt elimination and increased income in a market cycle with rising rates. Alex Straker & Rolf Latham have helped clients achieve these goals for over 17 years. View our Property Chat reviews and book a free consult.

» Get our strategy