Australia is the 3rd most popular international student destination in the world – and 1st choice for the Asian region. (source: OECD)
In 2014, $6.7 billion in fees were paid by onshore international students in Australia. (Source: Deloitte Access Economics)
Why are students coming to Australia?
Australia’s advantages include:
Proximity to key markets in Asia, and increasingly open trade relations with those markets.
Very helpfully for the provision of borderless education, the shared time-zone with most of Asia allows synchronous online delivery. Where there is live interaction, Australia’s shared time zone with Asia offers a key advantage in this market.
Australia’s universities have a reputation for quality.
Post-study work opportunities (short-term and beyond). Visas are available that enable graduates to remain in Australia to live and work in the field of their study.
Deloitte Access Economics projects Australia’s onshore international education sector to be capable of increasing by 30% by 2025. That represents as increase from 650,000 enrolments today to 940,000 by 2025 (which equates to a compounding annual growth rate of 3.8%). The sector’s contribution to export earnings is expected to almost double to in excess of $33 billion.
Opportunities for investors include:
Marketing: Promoting onshore, and increasingly borderless courses, will require concerted marketing campaigns.
Construction and real estate services: Research by Jones Lang LaSalle (JLL) suggests that up to 375,000 additional beds will be required by 2025 and is estimated to cost close to $45 billion to develop.
Edtech to support: Australia’s Federal and State governments encourage collaborations between start-ups and universities.
Edtech will need to be supported by:
education tools and platforms to enhance traditional face-to-face instruction.
learning management systems (LMS)
methods of tracking administration, documentation, reporting
Australia’s education sector offers opportunities to those looking to leverage relevant intellectual property here.
Borderless education. If the borderless sector is able to reach 0.5% of learners, there are projected to be 5.5 million learners in 2025.