Melbourne continues to be Australia’s top student city, home to leading universities like the University of Melbourne, Monash, and RMIT. For property investors, this means consistent rental demand — but the market is evolving.
Growing International Student Numbers
With post-pandemic borders fully open, international enrolments are back on the rise. Demand for quality, affordable housing near campuses and transport is surging again.
Tight Rental Supply
Vacancy rates in inner-city suburbs like Carlton, Parkville, and Hawthorn remain low, as do those in suburbs that accommodate major universities, such as Burwood, Blackburn, and Bundoora. Investors who offer well-maintained and fully furnished options are seeing strong returns.
Preference for Convenience
Students value convenience — proximity to trams, Wi-Fi, laundries, and safety features matter more than size. Tailoring your property to these needs boosts rentability.
Purpose-Built Student Housing Competition
Large providers have re-entered the market, offering amenities like gyms and study lounges. Private investors can stay competitive with personal service, flexibility, and boutique quality.
Market Outlook for 2025
Analysts expect continued demand growth, particularly for one-bedroom apartments and share houses within 5 km of the CBD. Well-managed student rentals will remain strong performers.
If you own or are considering student accommodation in Melbourne, Rented Property Management can help you attract reliable tenants and achieve stable, year-round returns.
