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Migration the x-factor that could continue driving property prices

Over the next few years, Australia will allow overseas migration to the tune of more than 200,000 people a year, an influx that will drive demand for housing and put upward pressure on prices.

Black compass with needle pointing the country Australia, with faded points to USA, Malaysia and Canada.
Migration shapes as the biggest x-factor variable to impact the Australian property market in the next few years.

Over the next few years Australia will allow overseas migration to the tune of more than 200,000 people a year.

That influx of people will drive demand for housing, with roughly 70,000 to 100,000 houses needed every year to house those 200,000 migrants.

From an affordability perspective

that creates a massive challenge.

The property market nationally goes up and down in value depending on the overall economy. Within Australia there are multipl…