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Thousands of student apartments are sitting empty across Melbourne, with the loss of international students cutting occupancy rates by 80 per cent, amid fears the sector is yet to hit the bottom.
Melbourneâs CBD has already lost 17.2 per cent of its residential population with 8900 fewer international students as a result of the pandemic, according to analysis by Dr Peter Hurley from the Mitchell Institute.
Tiarna Condren, an RMIT University student, has moved into Scape student accommodation.
Credit:Simon Schluter
Dr Hurley used data from Home Affairs and the Australian Bureau of Statistics to estimate the number of international students has also dropped by 4660 in Clayton, 4550 in Carlton, 2100 in North Melbourne, 1770 in Southbank and 1590 in Box Hill as of this month.