Brisbane faces potential oversupply amid Aussie student housing boom

SINGAPORE (Dec 30): As Australia continues to rapidly expand its purpose built student accommodation (PBSA) offering with new supply of commercially-operated student beds, signs of potential oversupply are beginning to surface, particularly in Brisbane.

Some 10,000 students beds proposed in Brisbane – which already has “the largest pipeline of beds in the country” – are set to add to the city’s existing supply of over 9,325 beds, says a report published by commercial realtors JLL in November.

The company notes this is due to “strong support from local government and the availability of land”, as many residential sites have been converted from residential development applications (DA) to student accommodation DA.

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