Landlords of property in Brunswick may see their properties in even higher demand if a new government initiative draws in international students as expected.
A new scheme is being introduced that will offer international students a significant 50 per cent discount on annual public transport tickets, according to a March 6 media release from the Premier of Victoria.
Melbourne is home to an impressive number of quality secondary and tertiary education facilities and this new state initiative could encourage a greater number of international students to study in the world-leading city with the incentive of cheaper transport.
With an efficient train and tram system, it's no wonder the city is popular for students – not to mention couples, young professionals and families who commute between property in Carlton or Brunswick and the vibrant CBD.
Minister for Innovation, Services and Small Business Louise Asher noted that the international sector is worth $4.3 billion per year to Victoria.
"Victoria's scheme will make available discounted tickets in all metropolitan travel zones, including Zone 1 only which covers inner Melbourne, as well as within regional centres," Minister for Public Transport Terry Mulder announced.
A trial scheme will be implemented from 2015 for a three year period, stated Mr Mulder.
"This will make international students feel even more welcome when they come to study in Victoria and enhance our reputation as a world leading international student city," said Mr Mulder.