How will stalled net overseas migration impact housing demand?

Recent forecasts from Treasury indicate annual population growth across Australia is set to slow from around 1.4% pre-COVID, to 0.6% through the 2020/21 financial year. In raw numbers, that implies Australia’s annual population growth will reduce from around 350,000in 2019 to 154,000over the year ending June 2021 – a reduction of 56%relative to 2019levels. If […]

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Rents keep falling despite increasing demand

Despite house prices remaining resilient, we know our rental markets have taken a beating due to Covid-19. Realestate.com.au reports that for the first time on record the cost of renting in Australia has fallen. The results are a clear indicator of how COVID-19 has changed the dynamic of the property market. Over the June quarter […]

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Coronavirus and property investor demand

What are property investors going to do in this Covid-19 affected property market? While our property markets are in general driven by home owner demand, investors obviously play important role in determining where property prices are headed. How these forces will play out moving forward was the subject of recent commentary by Westpac in their […]

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