Juwai IQI released an outlook on how Australian landlords hoped to rent their units to international students who are going through a painful period in which international student numbers are steadily declining.
“Eight months ago, we advised investors to hold on to their inner-city property if they could afford to, but that there would be pain before gain,” said Juwai IQI Co-Founder and Group Executive Chairman Georg Chmiel.
“My advice is the same today. These assets have depressed values now, so it’s a poor time to sell. They are likely to gain value again relatively quickly as the student population rebuilds after travel restarts. This is a good market for investors who are brave enough to buy while prices are down.