Rents have collapsed in Australia's urban centres as international students are locked out from the country due to border closures, reports De 24 News (13 November 2020). Only 80 foreigners came to Australia in September to study but this could be good news for investors. Georg Chmiel, chief executive of the Chinese real estate outlet Juwai IQI, said the virtual end of international student arrivals is bad news for real estate investors for now but "It will be pain before gain." Chmiel urged potential investors in China to consider buying a distressed rental property from a troubled landlord as cheap rents weren't expected to last as the development of a coronavirus vaccine reopened borders and revived the international student market.