Another Fine Mess For Australian Housing!

Wherever you look, the news is not good for those wishing to see housing affordability relief. First demand for rentals continues to be powered by the overseas influx. New data from the Department of Home Affairs shows that at the end of February, the number of international students in Australia hit a record high of 713,144, whereas the number of temporary migrants in Australia hit a record high of 2.8 million (nearly 2.4 million excluding visitors). Or put it another way, the number of student visa holders in Australia is running around 80,000 above the pre-pandemic peak, while the number […]