A new JLL report has found that living sectors accounted for the largest share (27 percent) of global transaction volumes in 2023, outpacing traditional commercial property sectors.
Living includes investment categories such as build-to-rent, student accommodation, co-living and senior living product.
According to JLL’s report, Student Accommodation’s role in a living sector strategy: Australia’s purpose-built student accommodation sector (PBSA), interest in the PBSA sector has gained momentum as operational metrics recovered faster than anticipated post-COVID as rental growth and student numbers strengthened, driving a reallocation of capital into the sector.
Report coauthor Ronak Bhimjiani, director, real estate economist – Australia, noted that total international student numbers had fully recovered in 2023, exceeding the previous 2019 peak by 4 percent, fueled mainly by China and India. Exceptional growth occurred in student numbers