Student interest in Sydney a plus for investors
May 6, 2014 / Written by Rich Harvey
If you're wondering where to buy investment property in Sydney, new information says it's time to go back to school.
Global consulting firm AT Kearney said that the New South Wales capital is the world's most popular city to study in, according to an April 28 release from the City of Sydney.
Sydney beat out 83 other cities to take the top spot, including London and New York.
The NSW capital hosts 50,000 visiting university students, along with another 50,000 students studying vocational and English courses.
Nearly 35,000 study on campuses in the City of Sydney with more than 10,000 living in the local government area.
"Our community of international students improves the city's prosperity and liveability," said Lord Mayor Clover Moore in the release.
"Being the world's most popular destination for international students helps build Sydney's cultural diversity and strengthen our regional and global connections. The international student community contributes over $1.6 billion to the city's economy and generates demand for 10,000 full-time equivalent jobs."
Not only does studying in "Australia's commercial capital" give students more access to jobs, it provides them with a wealth of housing options - something property investors can take advantage of.
Chances are most students studying in Sydney will be looking for high-density housing close to their campus, making units a particularly wise investment for people looking to court the student crowd.
However, even investors who are unable to secure property right by university campuses can get their foot in the door by purchasing units close to public transport. An apartment close to the bus will be the next best thing for student property hunters.
Investors looking to take advantage of Sydney's popularity for education services should contact a buyers agent in Sydney right away.