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Immigration should prevent property crash in Australia

by Marquette Turner

in Real Estate Radar

High immigration levels to Australia mean the country is unlikely to experience a crash in the property market. The global property sector’s recent uncertainty has been predicted to leave the country unaffected as people holding a visa to Australia will need accommodation.

Low construction levels coupled with increased levels of highly skilled migrants and business to Australia is creating a shortage of supply in the housing market, meaning house prices are unlikely to fall too drastically.

That’s not to say of course that the market isn’t correcting and many people aren’t feeling the financial pinch, but both factors are certainly better than a fully fledged property crash.

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