Australian PBSA Sector Booms With 11,820 Beds Under Construction
The Australian purpose-built student accommodation (PBSA) sector is booming, with a total of 11,820 beds currently under construction. This growth follows the Federal Government's decision not to impose hard international student visa caps, bringing renewed confidence to the stock market today.
Since the start of Semester One in early 2025, an additional 819 PBSA beds have been added to the pipeline. The largest developers and operators, such as Scape Living, UniLodge, and Iglu, along with the largest foreign investor, the Blackstone Group, are expected to drive growth in the next two to three years. Development applications are increasing in cities like Perth and Darwin, with most activity concentrated in the eastern capitals.
The Student Accommodation Council welcomes the end of political uncertainty, aiming to ease pressure on the broader rental market. Currently, 6,912 PBSA beds are under construction nationwide, with 2,772 beds scheduled for completion in 2025 and another 5,832 beds expected in 2026. Industry stakeholders are calling for regulatory certainty and planning reform to maintain this pace of supply. The Property Council highlights the essential role PBSA plays in relieving pressure on the mainstream rental market. U.S.-based investor Greystar has re-entered the Australian market, acquiring the Y-Suites portfolio for approximately $1.6 billion. PBSA investment in Australia has reached $1.8 billion so far in 2025, a significant increase from 2024's $116 million.
With certainty returned to the stock market today, stalled investments and developments are moving forward. The PBSA sector's growth is expected to continue, providing dedicated housing options for students and helping to ease pressure on the broader rental market.
Read also:
- India's Sports Revolution: Bhubaneswar, Chennai, and Ahmedabad Pioneering Nation's Athletic Makeover
- ArcelorMittal & Rock Tech Team Up to Boost Brandenburg's Industry
- Greece Battles Third Heatwave This Week, Temperatures Soar to 43°C
- Maximizing LEED Green Associate points for new construction projects to attain LEED Neighborhood Development Platinum certification in the United States Green Building Council (USGBC)
