Rental market of International students in Sydney

Considering the trend that a great number of overseas students constantly flow into Sydney for higher and better environment of education, accommodation has become an inevitable issue for the group of people. According to the Hare, in the around first half 2017, the number of overseas students was up to 685000. This figure is quite astounding, which means a large amount of accommodation was needed accordingly. However, in Australia, living in the campus is not a prevailed choice for both international students and local students in that renting the dormitory provided by universities would be at a relatively high cost. Hence, local students prefer to live at their home while international students tend to look for accommodation out of campus.

Market situation between 2017 and 2018
Currently, houses price has increased in Sydney, compared to the previous years. In contrast, the rents in Sydney tends to decrease recently in many areas such as the city centre while rents of houses in several regions remain steady. However, the information is still not bringing more surprise for the international students, as the slight change on the amount of rents do not reduce enough financial burden for them to rent accommodation in the biggest city of Australia. Market Insight states that the median rent of all types of accommodation is $583. That might be exorbitant for overseas students which mainly consists of Chinese and Indian students, which have not attended workplace and do not have reliable income. : This is because the average price for renting houses in the two countries are $713.76 and $234.58 per month separately (locate in city centre), which are much cheaper than that of Sydney.
Type of accommodation
The most classifications are retrieved from the Studyinternational and Internationalstudent website. There are many types of accommodation for overseas student to live in. Also, there are different ways for students to apply for them. For example, they can apply through landlords’ personal contacts, agents, official websites of dormitories and homestay.
First, on-campus housing is one of the most popular types of dwellings (Studies in Australia). The rents of on-campus housing would vary in terms of various sizes. Generally, it is a single room with a bed, a wardrobe, a desk and a chair. Sometimes it would also provide the independent bathroom, otherwise the tenants will need to share the public bathrooms. In addition, this kind of housing would provide a public kitchen, and offer the laundry machine and laundry dryer which are usually chargeable. Although this type of accommodation is popular, students are supposed to apply for it in advance due to that the amount of on-campus housing is very limited (Kendal, 2018)
Conclusion and Suggestion
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