What Iglu Pty Ltd. does

Iglu Pty Ltd. is an Australian privately-held purpose-built student accommodation (PBSA) operator founded in 2010 and headquartered in Sydney. The company operates 15 properties across Australia's three largest student cities — Sydney (8 properties including Broadway, Central, Central Park, Chatswood, Mascot, Redfern, Summer Hill, and Waterloo), Melbourne (5 properties including Flagstaff Gardens, Flagstaff Station, Melbourne Central, Melbourne City, and South Yarra), and Brisbane (2 properties: Brisbane City and Kelvin Grove). Each property offers fully furnished studio apartments and shared apartments (2-6 bedroom configurations) with all-inclusive weekly rent covering utilities, unlimited Wi-Fi, facilities access, and weekday breakfasts.

The core technology stack is built on StarRez, a third-party student housing property management platform that powers Iglu's online booking, tenant management, and the Student Portal (resident self-service for payments, maintenance, and support). The Sonder safety/support app is integrated and offered free to residents. Customer acquisition is direct-to-consumer via the iglu.com.au website, supplemented by a network of 40+ university and educational institution partnerships (University of Sydney, UNSW, UTS, QUT, University of Melbourne, RMIT, Monash, Macquarie, ACU, Trinity College, Taylors College), an agent portal for education agents, and a Resident Leader ambassador program. Payment options span Visa, Mastercard, AMEX, JCB, Union Pay, Apple Pay, Google Pay, Alipay, and WeChat Pay.

The business model is weekly recurring rent from individual student tenants, with pricing ranging from approximately $449/wk (entry-level Brisbane studios) to $1,045/wk (premium Sydney studios). The company also offers Short Stays (minimum 4 weeks), NRAS-subsidized rooms at 20% below market rate, and a specialized Under 18 international student accommodation service requiring institutional approval. Booking is governed by a "No Visa No Offer No Pay" policy reducing commitment risk for international applicants. Revenue, funding, ownership, headcount, and management team are not publicly disclosed.

Name

Iglu Pty Ltd.

Legal name

Iglu Pty Ltd.

Website

https://iglu.com.au

Company type

Private

Founded year

2010

Operating status

Operating

Short description

Iglu Pty Ltd. operates 15 purpose-built, fully-furnished student accommodation properties across Sydney, Melbourne, and Brisbane, serving domestic and international students with all-inclusive weekly rent and partnerships with 40+ Australian universities.

Ownership category

akta.pro rank

Product category

Purpose-Built Student Accommodation

NAICS

Other Traveler Accommodation (72119), All Other Traveler Accommodation (721199)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Student-Focused Co-Living (Flexible, Community-Led) (THAMAGAI)

akta.pro secondary industries

Shared Student Apartments & Roommate-Matching Platforms (EDAIALAD), International Student Housing Placement & Management (BPAJAJAL), Student Housing Ancillary Services (Utilities Setup, Furnishings, Deposits/Guarantors, Cleaning) (EDAIALAJ), Guest, Visitor & Conference Housing Services (Summer/Break Housing) (EDAEAFAN)

Keywords

• Student accommodation
• Purpose-built housing
• Student housing services
• Furnished apartments
• Residential property management

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Student Accommodation Rent: Weekly recurring rent payments from students for accommodation. Rent varies by city, property location, and room type (shared vs. studio). Includes 2 weeks rent in advance and 4 weeks refundable bond.
2. Short-Stay Accommodation: Flexible short-term stays available from minimum 4 weeks, with different pricing structure for students needing temporary accommodation during internships or study programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Iglu provides fully furnished, purpose-built student accommodation in 15 properties across Sydney, Melbourne, and Brisbane, offering private studios and shared apartments on weekly all-inclusive rent that covers utilities, unlimited Wi-Fi, weekday breakfasts, gym access, and social events. The company also offers flexible short-stay bookings from four weeks, government-subsidized NRAS rooms at 20% below market rate, and specialized under-18 international student accommodation approved by major Australian universities.

Product overview

Iglu Pty Ltd. operates a portfolio of 15 purpose-built student accommodation properties across three Australian cities (Sydney, Brisbane, and Melbourne). The core product is fully furnished student accommodation offering flexible living options including private studio apartments (Standard, Superior, Premium variants) and shared apartments (2-6 bedroom configurations). All properties feature all-inclusive weekly rent covering utilities, unlimited Wi-Fi, and access to communal facilities. Key properties include Iglu Broadway, Central, Central Park, Chatswood, Mascot, Redfern, Summer Hill, and Waterloo in Sydney; Brisbane City and Kelvin Grove in Brisbane; and Flagstaff Gardens, Flagstaff Station, Melbourne Central, Melbourne City, and South Yarra in Melbourne. Additional services include Short Stays, NRAS subsidized housing, and specialized Under 18 international student accommodation.

Differentiator

Problem solved

Functional benefit

Products and services

• Iglu Broadway (Sydney) Sydney student accommodation at 9 Kensington Street, Chippendale in the Central Park precinct, offering private studios and shared apartments (4–6 bedroom), terrace, BBQ areas, games room, and gym access for University of Sydney and UTS students.
• Iglu Central (Sydney) Boutique Sydney student accommodation at 1 Regent Street, Chippendale, with shared apartments, courtyard with BBQs, study areas, and communal lounge; approved for U18 international students.
• Iglu Central Park (Sydney) High-rise Sydney student accommodation at 6 Central Park Avenue, Chippendale, with cinema room, gym, media room, study spaces, games area, and terraces with BBQ facilities; located directly opposite UTS.
• Iglu Chatswood (Sydney) Sydney student accommodation at 73 Albert Avenue, Chatswood, featuring a designer building with large courtyard, cinema room, games room, and in-house gym; offers special rates for Macquarie University students.
• Iglu Mascot (Sydney)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature1 record

Partnerships

13 partnerships are on record, tiered core.

• University of SydneycoreStrategic or Co-development PartnerIglu properties (Broadway, Central, Redfern) are located near the University of Sydney campus. Dedicated university landing pages and U18 accommodation options for international students.
• University of New South Wales (UNSW)coreStrategic or Co-development PartnerProperties positioned near UNSW with dedicated accommodation pages. U18 accommodation approved for UNSW and UNSW College students.
• University of Technology Sydney (UTS)coreStrategic or Co-development PartnerIglu Central Park and Broadway located directly opposite UTS campus. Approved U18 accommodation provider for UTS and UTS College.
• Queensland University of Technology (QUT)coreStrategic or Co-development PartnerIglu Brisbane City near QUT Gardens Point; Iglu Kelvin Grove directly opposite QUT Kelvin Grove campus. QUT Under 18 Accommodation Partner.
• University of Queensland (UQ)coreStrategic or Co-development PartnerDirect bus service from Iglu Brisbane City to UQ campus. Dedicated UQ student promotions with promo code UQCOOL.
• RMIT UniversitycoreStrategic or Co-development PartnerIglu Melbourne Central and Melbourne City within walking distance of RMIT. Dedicated RMIT student promotions with promo code RMITCOOL.
• University of MelbournecoreStrategic or Co-development PartnerProperties within proximity to Melbourne campus. Dedicated University of Melbourne student promotions with promo code UOMCOOL.
• Monash UniversitycoreStrategic or Co-development PartnerIglu South Yarra near Monash Caulfield campus. Approved U18 accommodation for Monash College and Monash University students.
• Macquarie UniversitycoreStrategic or Co-development PartnerIglu Chatswood located near Macquarie University (10-minute commute). Special $20 off rates for MQ students with code MQCOOL.
• Australian Catholic University (ACU)coreStrategic or Co-development PartnerProperties across Sydney, Brisbane, and Melbourne with proximity to ACU campuses. Promo code ACUCOOL for ACU students.
• Taylors CollegecoreStrategic or Co-development PartnerApproved U18 accommodation provider for Taylors College students studying at University of Sydney pathway programs.
• Trinity College FoundationcoreStrategic or Co-development PartnerApproved U18 accommodation partner for Trinity College Foundation students (University of Melbourne pathway).
• StarRezcoreTechnology or IntegrationProperty management and student housing platform powering the Iglu Student Portal for booking, payments, and tenant management.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• UniLodge: Operates a broad portfolio of student accommodation across Australia and New Zealand, including managed university-affiliated halls. Comparable to Iglu in product offering (studios and shares), university partnership model, and pricing bands.
• The Student Housing Company: Operates premium PBSA in Australian CBDs (notably Melbourne). Comparable to Iglu in premium positioning, all-inclusive amenity model, and reliance on international student demand.
• Yugo (formerly Y Suites): Global student accommodation operator with Australian assets in Melbourne and Sydney. Targets the same student cohort with comparable co-living-style studios and shares, and similar university-channel GTM.
• Student One (Singapore-based, AU operations): Operates PBSA towers in Brisbane and Melbourne targeting international and domestic students. Closely comparable product and customer to Iglu, with similar university-adjacent locations and amenitized studios/shares.
• Urbanest: Australian student accommodation operator with assets in Sydney, Melbourne, and Adelaide. Directly comparable to Iglu in property type, target customer, and university partnership channels.
• Atira Student Living: Australian PBSA operator with assets in Melbourne, Brisbane, Perth, and Adelaide. Competes with Iglu for the same student demographic, with overlapping university partnerships and similar all-inclusive amenity bundles.
• Campus Living Villages: Operates student villages across Australian regional and metropolitan campuses. Comparable to Iglu in managed student housing but skews more toward university-affiliated master-planned villages.
• Scape Australia: One of Australia's largest purpose-built student accommodation operators with multiple high-rise assets in Sydney, Melbourne, Brisbane, and Adelaide. Directly comparable to Iglu in target market, product type, and lease structure; Scape operates a larger bed count and competes head-to-head for international and domestic students in the same cities.

Emerging players

• Grok Ventures / Journal Student Living: Boutique PBSA operator in Brisbane and Melbourne targeting international students. Comparable product-market fit to Iglu but smaller portfolio; relevant for competitive benchmarking in southeast Queensland.

Regional players

• Arrow on Gill (operators of PBSA towers): Melbourne-based student accommodation operator concentrated in inner-city Melbourne. Comparable to Iglu's Melbourne cluster in product type and student target, though with a narrower geographic footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/IgluBroadway
• Instagraminstagram.com/iglustudents
• LinkedInlinkedin.com/company/iglu-student-accommodation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iglu Pty Ltd.