International students as an influence on residential change: A case study of the city of Melbourne

Abstract

Australia has attracted a very large number of international students over the past decade. This paper has analysed residential development in an inner city location to show how the interaction between the commercial property industry, local urban policy and a specific source of demand shape what have been labeled "new build" outcomes in the gentrification of inner city areas. The paper focuses on the approach that draws upon the simultaneous effects of property market circumstances, urban policy and student demand. In this approach the paper looks beyond the traditional view of labour market driven gentrification of the central city (associated with the residential choices of producer servi..