High-Yield Student Accommodation – 84 Units / 95 Beds (STCA)

This site previously received approval for a student accommodation development. If required, the permit can be renewed with an updated timeline.

Positioned in one of Melbourne’s most tightly held and highly sought-after eastern suburbs, 358 & 360 Burwood Highway presents a rare and compelling opportunity to secure a permit-approved student accommodation development in the heart of Burwood.

Approved for a purpose-built student accommodation (PBSA) project comprising 95 beds, this premium offering allows developers and investors to fast-track a high-demand asset class in a location underpinned by world-class education, consistent rental demand, and exceptional connectivity.

Key Investment Highlights
Strategically positioned along the highly visible Burwood Highway, the site benefits from immediate proximity to major lifestyle, education, and transport infrastructure, including:
• High-Yield Student Accommodation – 84 Units / 95 Beds (STCA)
• Planning permit previously approved for 95-bed student accommodation (If required, the incoming purchaser can reapply to renew the permit by updating the timeline)
• Purpose-built design tailored for strong rental yield and occupancy
• Car parking reduction granted, enhancing design efficiency and returns
• Directly opposite / moments to Deakin University Burwood Campus
• Close to Burwood Brickworks Shopping Centre
• Surrounded by prestigious schools including Presbyterian Ladies’ College
• Excellent tram connectivity providing direct access to Melbourne CBD
• Proximity to parklands, cafés, and established residential amenities

The Opportunity
Burwood continues to experience strong population growth and sustained demand from both domestic and international students, driven by its proximity to leading institutions such as Deakin University and elite schooling options.
With increasing pressure on high-quality student housing supply, this permit-approved 95-bed accommodation project represents a highly attractive opportunity to deliver a purpose-built asset in a proven education precinct — ideal for both long-term hold and income-generating investment strategies.

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Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist