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International students have not driven rents and inflation higher, RBA says (www.abc.net.au)

submitted 2 weeks ago by Eyekaytee@aussie.zone to c/ausfinance@aussie.zone

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"The rise in international student numbers is likely to have accounted for only a small share of the rise in rents since the onset of the pandemic, with much of the rise in advertised rents occurring before borders were reopened."

I'm always been amazed at how many people don't know this, I was looking to move at the time and the borders hadn't been re-opened but when I attended rental places there was 50 people lined out the door it was insanity

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[–] Tau@aussie.zone 3 points 2 weeks ago

i find the disjoint between the headline and article amusing - the headline claims the students have not driven up rents and inflation then the article moves directly into saying they actually did just not very much.

I agree it is a pretty overblown problem though, albeit with the possible exception of housing directly around unis as that would be more directly affected by demand from students. On a country wide scale international students are not that many people and that's the scale of the problem with rising rents and housing prices in general.