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Student Accommodation State of the Market

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Australia & New Zealand Research and Insights Report

For the years leading up to the end of 2019, the Australian Purpose-Built Student Accommodation sector witnessed significant growth in occupancy demand as a consequence of compound annual growth in international student numbers across Australia. 

Now in the third quarter of 2020, where current conditions have brought restrictions on international student arrivals, we’re seeing an impact on occupancy levels and pressure on average bed rates.
Despite this, Australia continues to be considered one of the world’s leading higher education destinations and the fundamentals of the Australian education sector remain present. 

In this research report we provide a snapshot of the Australian market, an introduction to the New Zealand PBSA sector and also include a technical piece on the valuation of PBSA.

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Student Accommodation State of the Market

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Related Experts

Christopher Milou

Head of Hotels | Valuation & Advisory Services


I have been involved in the real estate industry for over 20 years and commenced my career at L.J Hooker. After graduating from a Bachelor of Property Economics Degree in 2004, I took up a position with the NSW Department of Commerce valuing a number of government owned assets across the state of NSW.

‚ÄčIn 2007, I joined the Colliers Hotels & Leisure Valuation team where I had the opportunity to value a wide cross section of accommodation and leisure type properties, across Australia. In March 2009, I transferred to the Colliers South Sydney team and have been involved in a cross section of commercial, industrial and residential properties, along with the opportunity to value various types of 'Going Concern' properties including hotels, budget accommodation, student accommodation, boarding houses and car parks facilities.

In 2013, I transferred to the Sydney CBD office, where my primary focus is hotels, student accommodation, backpackers and other accommodation properties.

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Emily Racki

Assistant Valuer, Hotels | Valuation and Advisory Services


I joined Colliers International in 2019 as Assistant Valuer, Hotels for the Valuation & Advisory Services team. I specialise in hotel valuations across both single assets and portfolios.

Our services range from financial reporting valuations, insurance requirements, mergers, acquisition and disposal, rent reviews, due diligence reporting to capital raising and feasibility studies.

In addition, I am in my final year of studying a Bachelor of Property Economics at University of Technology Sydney.

I maintain an active role, outside of Colliers International, in the wider property industry as Member of the Young Property Professionals, Australian Property Institute.

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