ANU to squeeze in another 1023 accommodation units

johnboy 15 June 2010 12

The ANU has the welcome news that they’re throwing up another 1023 new accommodation units over the next two years.

The ACT Government is making land available and the Commonwealth’s National Rental Affordability Scheme (NRAS) is putting in some of the money.

ANU Vice-Chancellor Professor Ian Chubb said: “When the Commonwealth and ACT contributions are added to the University’s, the total investment will be $200 million.

“We welcome the Commonwealth and ACT Government investments in this much-needed project. It is a very strategic investment.

“The new accommodation will fill a significant gap in accommodation in Canberra for those students who come to the ACT to study at ANU.

That should free up some much needed breathing space in the inner city accommodation market.


What's Your Opinion?


Please login to post your comments, or connect with
12 Responses to ANU to squeeze in another 1023 accommodation units
Filter
Order
aussieboy aussieboy 10:49 pm 17 Jun 10

eyeLikeCarrots said :

$364 a week each… for the students ? Or is that the current average for a 1bdr in Civic ?

Yes, that’s for the students (For a 1br)
Share in a 5br unilodge unit costs $220pw

Unilodge is a private company, seeking to profit from the rich parents of international students. Unilodge residents even have to pay to use the laundry!

This is not affordable housing by most students’ definitions (when a room in a share house in O’Connor can be had for ~$150/week (+utilities, internet)

It’s time for ANU to start channeling their money into not-for-profit housing options like student run co-ops (Sydney University is currently building 5 more of these) and traditional colleges

indigoid indigoid 6:36 pm 16 Jun 10

Woody Mann-Caruso said :

Hey, 1023 is a great number! It’s (snip) the magic number that makes your GPS work (snip)

Now you’ve got my attention. How does it make your GPS work, exactly?

Davo111 Davo111 4:46 pm 16 Jun 10

NoAddedMSG said :

I don’t think that the Uni has any plans to manage these apartments themselves, it is going to be privately run (ie UniLodge).

I hope not, UniLodge has been a dogs breakfast, taking advantage of international students.

Woody Mann-Caruso Woody Mann-Caruso 12:56 pm 16 Jun 10

Ooh, and it’s the product of three prime numbers – 3, 11 and 31.

Woody Mann-Caruso Woody Mann-Caruso 10:46 am 16 Jun 10

Also… 1023… number is fail, atleast build 1024 and make it a real number!

Hey, 1023 is a great number! It’s a Mersenne number, the smallest number with 4 different digits, the highest number you can count to in binary on your fingers, the magic number that makes your GPS work, and sorta kinda the last bit of the Avogadro constant (yes, I’m reaching now…).

thy_dungeonman thy_dungeonman 10:21 am 16 Jun 10

$400 a week according to the CT hardly sounds affordable.

NoAddedMSG NoAddedMSG 8:10 am 16 Jun 10

I don’t think that the Uni has any plans to manage these apartments themselves, it is going to be privately run (ie UniLodge). So the Uni won’t be getting the rental income from these. Perhaps some building rental? Either wau shaneb, the payoff for the uni is not so much in the weekly rental money but in being able to continue with the First Year Guarentee while not having to fork out extra $$ to house overflow students in motels around the city.

eyeLikeCarrots eyeLikeCarrots 8:06 am 16 Jun 10

$364 a week each… for the students ? Or is that the current average for a 1bdr in Civic ?

Also… 1023… number is fail, atleast build 1024 and make it a real number!

shaneb shaneb 8:25 pm 15 Jun 10

A couple of comments:

The ACT government gave ANU the $28 million land in city west (formerly carpark space?), and the federal government gave about $7 million.

The apartments are priced at 20% below the price of other apartments near civic, but they are not comparable because they are smaller and have some shared facilities. ANU would only get about 80% of “market rent” even if placed on the open market.

Many of these units have been previously announced and some are even already under construction. These are misleadingly included in the announcement anyway.

The ANU has said that the project cost is about $200 million total. $28 million comes from the ACT government and $7 million from the federal government. Thus, the apartments cost the ANU about $161,000 each. Single bedroom apartments are $364 per week. Don’t think for a minute that they are doing students a favour.

Davo111 Davo111 7:01 pm 15 Jun 10

ANU students are desperate for accommodation, this is great news.

thy_dungeonman thy_dungeonman 4:03 pm 15 Jun 10

Got a spare room in a lovely waramanga home if there are any homeless students looking for a place to rent.

CBR Tweets

Sign up to our newsletter

Top

Search across the site