The COVID-19 outbreak has led to a significant drop in the numbers of overseas students in Australia, reports nestegg (12 November 2020). Captial cities - Sydney and Melbourne - have been hit hardest which led to vacancies in the property market. According to Juwai IQI executive chairman Georg Chmiel, the numbers of international students in Australia are likely to keep falling while vacancies continue to rise until mid-2021."This is the current situation: Chinese buyer enquiries are down to just half the level of a year ago. These numbers parallel to drop in student visas," said Chmiel. However, Chmiel expects student numbers to climb higher than its 2019 peak in the latter part of 2021.
