International education and training (IET) is a valued contributor to the Australian and NT economies, with IET contributing over AU$37.5 billion to the Australian economy in 2019-20. For the Territory it is the third largest service export, worth $172 million in 2019-20, and eighth largest export overall, supporting nearly 800 Territory jobs.
Australia is a popular destination for international students, with over 4000 students studying in the Northern Territory.
Offering high-quality Australian qualifications across higher education, vocational education and training, English language and schools, the Territory is an increasingly popular and attractive choice for international students, with its warm climate, international connectivity, opportunities for work experience and affordable cost of living.
Enhanced investment opportunities exist in the Territory’s IET industry, with the significant global demand for Australian skills and qualifications with Territory businesses keen to employ international students.
The Territory is focussed on ensuring we are the destination for international study by investing in infrastructure and support services for international students, including introducing direct flights to and from Asia.
Northern Territory International Education and Training Strategy 2019-2025 targets four-fold growth expected to return $332 million in export revenue by 2025.
Opportunities exist for investors to become involved through:
- new education and training facilities
- joint venture or co-location with other education providers
- purpose-built student accommodation to meet growing student numbers.
In 2019 the Territory’s international education and training sector grew by 29% compared with national growth of 10%. The Territory’s growth was led by private vocational education and training providers.
The foundations are set for IET to become one of the primary contributors to the Territory’s economy, with favourable investment provisions paired with strong government support to continue industry growth.
To learn more visit theterritory.com.au/study