In February, over 140,000 foreign students returned to Australia and the number of students arriving on temporary student visas is slowly returning to pre-pandemic levels.
Construction problems and a rental crisis will continue to push people to buy established homes
Recovery in prices for established homes has taken a lot of people by surprise but highlights that market dynamics aren’t purely driven by interest rates.
Population growth and a housing shortage are both now outweighing increases in the cost of finance with Australian house prices having increased by another 0.5 per cent in March.
Will Australia follow the US rental property trend?
In the US, large companies currently own five per cent of rental properties. This asset class is referred to as “multi-family” in the US and is the largest property investment type in that country.
April is always a quieter month in real estate and this year was no different. Juggling school holidays, Easter and Anzac Day long weekends meant we only saw 20 working days in Australia.