Latest figures from StudyAdelaide have revealed international education has increased by 17 per cent to $1.8 billion last year, up from $1.54 billion in 2017. International enrolments reached 31,551 in the first four months of 2019 representing a 12 per cent increase from 2018.
The continued growth of the international student sector has attracted significant investment in purpose-built student accommodation, with two new student accommodation tower proposals in the CBD.
Adelaide-based design practice Brown Falconer have lodged an application with the State Commission Assessment Panel for a $26 million 17-storey student accommodation building on Elizabeth Street. Golden Field have also put forward an application for a $6 million seven-storey complex on Field Street which will encompass student housing, apartments and restaurants.
The two additions would join various interstate and international investors who have capitalised on Adelaide’s lower cost of living, doing business, availability, quality and location of assets in the city which represent value with high growth potential. The last year has seen the completion of three developments with a combined value exceeding $200 million from Urbanest, Atira Student Living and Dwell Student Living, a major investment by Singapore-based Centurion Corporation.
“The increasing diversity and availability of affordable and supportive student housing options is a positive move for Adelaide to be considered one of the best student cities in the world,” said StudyAdelaide chief executive Karyn Kent.
City of Adelaide’s newly launched “Adelaide. Designed for Life” place brand was created to be a unifying and inclusive city brand. Inclusivity, diversity and multiculturalism are fundamental foundations of the brand narrative, demonstrating how Adelaide is a city that empowers people to live the life of their choosing and places the wellbeing of its community first. StudyAdelaide has integrated "Adelaide. Designed for Life." into their own messaging to help gain real traction in the competitive international market. Hear from Jane Johnston, StudyAdelaide’s Strategy & Engagement Manager, about the partnership.