The Property Council of Australia is warning of an imminent shortage of purpose-built student accommodation as the sector prepares to deal with the anticipated influx of thousands more Chinese students, just weeks before the start of the university year.
Universities are calling for faster visa processing times and may resort to chartering flights to bring about 11,000 previously online Chinese students to Victorian campuses in coming weeks.
Students living in purpose-built student accommodation (PBSA) are now playing a bigger role in reviving the central business districts, as new data showed their spending is now at par with that of an