Rents have collapsed in Australia's city centres as foreign students are locked out of the country, reports Press Aggregate (12 November 2020). Georg Chmiel, executive chairman of Juwai IQI, said: "Student numbers are likely to keep falling and vacancies to keep rising until mid-2021" as border closure had turned off potential Chinese property buyers in Sydney and Melbourne. Chmiel urged potential buyers in China to consider buying a distressed rental property from a struggling landlord. "Student numbers will begin climbing again, your rents will go back up, and your investment will regain lost value," he added.