StudyPerth has revealed an ambitious target of doubling the number international students enrolled at its universities through improving employability with a new three-pronged strategy. The Where bright futures begin 2018-2025 strategy sets out a framework for Perth’s education sector across the themes of live, learn and launch.
More than 50,000 international students currently study in Perth. By 2025, Perth aims to grow its reputation and ranking as a world-class international city and host 100,000 students from around the globe, and in particular from Asian countries such as China, Indonesia, Malaysia, Hong Kong and Vietnam.
Perth is well-positioned to provide prospective students with the knowledge, skills, support and connections they require in an increasingly competitive global job market. International students can already find choice and opportunity in Perth’s range of renowned education providers.
The city’s international education profile includes over 272 subjects and 99 intuitions and schools. The University of Western Australia (UWA) is ranked 91st in the QS World Rankings of the best universities in the world and is located 10 minutes from Perth’s busy central shopping and business district. Moreover, UWA is internationally recognised as a leader in research and higher education and is home to 5,000 international students, representing more than 100 countries.
A significant rise in the number of international students against the limited availability of student accommodation is a driving force for the development of new high-quality projects by existing and new operators. While the purpose-built student accommodation (PBSA) sector in Australia as a whole is maturing, in Perth, it is a relatively new concept. For this reason, the total development pipeline in the city currently sits at 3,147 beds, significantly less than in other major Australian cities such as Sydney, Melbourne and Adelaide.
Analysis by Savills of the development pipeline suggests that just over 22% of the bedrooms will be self-contained studios, with the balance in four, five- and six-bedroom apartments, together with twin studios and over 23% of dormitory style accommodation. The pipeline also indicates that with the potential delivery of new accommodation the existing supply equating to 4.6% of full-time students in 2018 may increase to 5.2% provision in 2020 and 6.2% provision in 2025.
GSA Coral’s first investment in Perth, the 571-bed ‘The Boulevard’ on Stirling Street will be one of the first PBSA developments to complete in the city centre and is set to open in Q1 2019. All rooms at The Boulevard will be en-suite with generous kitchen and bedroom spaces, designed specifically for student life. They also comprise an array of common areas and ample smart storage space.
GSA continues to take advantage of new market opportunities underpinned by global trends such as the growth in knowledge-based economies, demand for higher education and growing mobility, and the fundamental lack of supply in PBSA globally.