According to an article published by The Australian, the number of international students applying for visas hit an all-time record in June, proving a strong bounce back in student numbers is on the horizon. This is welcomed news to universities, other education providers and the real estate industry.
The Home Affairs Department sent an update to education providers on Monday, stating that approximately 42,700 student visa applications had been lodged in June, in a post-Covid rush to return to Australia.
“This is the largest number of offshore applications received in a single month in the last 10 years,” the department told education providers. As the number of international students coming to Australia in the past decade is far higher than in earlier decades, the June figure is an all-time record.
The department said the high numbers seen in June are continuing, with an average of 10,000 student visa applications a week being received during July from offshore applicants. In comparison, only 34,015 student visa applications were received in June 2019, before the pandemic.
International Education Association of Australia CEO Phil Honeywood said the figures showed that demand was recovering “notwithstanding the reputational damage” which Australia had suffered as an education destination during the pandemic.
“This latest data proves there is still a strong appetite to study in Australia,” Mr Honeywood said.
For investors looking to secure a property, this is welcomed news as further migration will fuel rental demand both in the long and short term.
A key attribute of West Side Place is its close proximity to some of Melbourne’s best tertiary education, including Vic Uni, RMIT University and the esteemed University of Melbourne and represents one of the best locations for international students to consider when migrating to Melbourne’s CBD.