Australian Property Podcast 2-Sense: Leaders hitting pause on rapid immigration
Dec 7, 2024
Leaders are hitting pause on rapid immigration, with promises to free up housing. The new Help to Buy Scheme aims to assist low-income homebuyers, sparking debate over its effectiveness. Australia faces an increasing apartment supply crunch, raising concerns for potential homeowners. As Christmas nears, the property market's seasonal dynamics are under scrutiny, along with implications of changing migration patterns. Join the discussion on how these factors intertwine with the future of property investment.
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Immigration as Election Flashpoint
- Immigration will likely be a key election issue, impacting housing demand and rental markets.
- Incumbent governments face pressure to address cost of living and housing affordability.
Lagged Impact of Immigration Cuts
- Cutting immigration won't immediately crash the property market due to lag effects.
- Migrants often rent, save, and then buy, so impacts on property prices are delayed.
Global Immigration Trends
- Similar immigration and housing trends are emerging globally, including the UK and Canada.
- Political pressure mounts as existing populations struggle with housing affordability and availability.