Immigration reboot to set fire to Melbourne’s and Sydney’s rental markets

With Australia’s international border now open, CoreLogic’s head of research, Eliza Owen, has examined the impact of increased immigration on Australia’s property market.

Ms Owen concludes that most migrants are likely to flow to Melbourne’s and Sydney’s rental markets, as was the case pre-pandemic:

For those migrating to Australia, which means intending to stay in the country for at least 12 of a 16-month period, many factors determine where they will want to live. These include employment opportunities, housing affordability, visa conditions, the location of friends or family, and the make-up of the community (i.e, whether there is an established community where large numbers of people from the same country already live).