A forecast rapid rebound in international student arrivals is providing grounds for strong investor conviction in the growth of purpose-built student accommodation.
It is attracting strong interest from institutional capital as it looks for greater exposure to the living sectors in Australia, while the Australian dollar remains weaker and international student migration numbers continue to increase.
Recent transactions of larger portfolios have underscored this positive sentiment with deals on capitalisation rates of about 5 to 5.5 per cent.
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