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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


As Head of Hotels, Valuation & Advisory Services, Christopher oversees the strategy and operations of the national hotels team, to ensure the sustained growth and success of the Valuation & Advisory Services service offering.

Chris has over 16 years’ experience in the valuation of 'Going Concern' properties including Hotels, Motels, Serviced Apartments, Backpackers, Student Accommodation, Co-Living, Build to Rent and other accommodation property types together with Car Parking Facilities.

Outside of Colliers, Chris maintains an active role in the property valuation industry as Associate of the Australian Property Institute (AAPI) and as a Member of the Royal Institute of Chartered Surveyors (MRICS).

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Emily Racki



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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