SA Adelaide: International education overtakes wine as SA’s No.1 export

Discussion in 'Where to Buy' started by Peter2013, 15th May, 2020.

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  1. Peter2013

    Peter2013 Well-Known Member

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    International education overtakes wine as SA’s No.1 export

    On the 16/12/2019, South Australia's premier was boasting how International students were now South Australia's biggest export:

    How is Adelaide now? Is there huge number of student accommodation and rentals empty?
     
  2. The Y-man

    The Y-man Moderator Staff Member

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  3. The Y-man

    The Y-man Moderator Staff Member

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  4. Peter2013

    Peter2013 Well-Known Member

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    Just having a look at vacancy rates for Adelaide:

    Jan 2020: 178
    Feb 2020: 188
    March 2020: 181
    April 2020: 377

    Up 108% in one month!
     
  5. Erica

    Erica Well-Known Member

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    Adelaide CBD has been building more towers of apartments than necessary for ages. There was already oversupply long before Covid19, which has resulted in no capital growth for the inner city units for the past decade. Yes, vacancy rates are up, rents are now down (slightly), and I suspect by the end of this year prices will be down too (unless Adelaide Uni can negotiate with Government to allow their students to return via private chartered flights with mandatory 14 day quarantine- this has been proposed...watching closely for the outcome).

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  6. 2FAST4U

    2FAST4U Well-Known Member

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    Apartments pretty much anywhere in Adelaide are a BAD investment. Plenty of apartments in New Port Quays and Glenelg that have had no capital growth for a decade.
     
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