Overseas migration is a major component of growth in Australia’s population and consequently the new household formation, which, in turn, is a key driver of underlying demand for new dwellings.
Overseas migration has an immediate impact on the demand for housing as migrants require some form of shelter or housing on arrival whether as renters or as owner occupiers who purchase.
Investors considering putting money into the housing market in Australia should try to understand Australia’s policy on migration as it will be the main catalyst for creating housing demand going forward for a long time into the future.
However, that being said, it can be extremely confusing especially reading the media.
Read the full report here
"Focus for property investors should be population growth"
Ignore the politicians. The biggest impact on real estate won't lie in election pitches but policies that affect supply or demand.
Read the financial Review Story here
SYDNEY AND MELBOURNE HISTORICAL HOUSE PRICE GRAPHS here