Migration Boom! Which States Will Benefit The Most?
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- Опубліковано 25 лип 2024
- Migration Boom! Which States Will Benefit The Most?
There's been so much talk lately about an influx of migration that'll send property prices through the roof...
But how likely is this, and is it backed up by the data?
Because you'd be surprised at how migration has affected Australian property prices in the past...
It might surprise you!
But to answer this question, we need to look at the data and past markets, which is exactly what we'll be doing in today's episode.
We'll be finding out whether:
- An influx in migration correlate with a rise in house prices?
- Which states will see the most migration, and how will the market react?
- What the next 10 years of the Australian property market look like?
- And should you position yourself any differently for the years ahead?
There's so much information to dig through in today's episode, so if you're looking at building a portfolio that lasts in all economic environments, this is one you might want to watch twice!
CHAPTERS:
00:00 - Introduction to Australia's Migration Impact on Property
01:48 - Migration's Influence on House Price Growth
04:59 - Airport Traffic's Impact on Property Prices
08:50 - Government Strategies and Aging Population
10:16 - Interstate Migration Forecasts by State
12:43 - Housing Supply Shortfall Forecasts
15:33 - Brisbane's Construction Supply Outlook
16:15 - Adelaide's Recovery in Construction Supply
17:07 - Perth's Future Construction Supply Trends
18:03 - Hobart's Construction Supply and Demand
22:20 - Analysing Melbourne's Migration and Price Growth
23:03 - Brisbane's Migration and Housing Market Trends
26:04 - Intrastate and Interstate Migration in Melbourne and Brisbane
29:16 - Closing Remarks and Invitation for Feedback
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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.
Hi Arjun, great podcast! Can you please provide the link to the report you are referencing ''centre for population"?
Hi Arjun , very interesting to see the Household Formation Balance Trend! Particularly for Perth and Hobart. Am wondering whether this will contribute to Perth and Hobart markets being volatile... If supply additions outweigh household formations in the near future, will that mean that the value of houses in Perth go down... very general statement of course because we have to consider the micro and macro environments.
I never like to look at one stat in isolation. However, Perths supply additions have been known to be a see saw. It’s expected to rise quickly but it won’t impact growth for many many years due to how under supplied existing listings are. They are by far the largest driver of supply shifts.
Arjun that is very interesting about Perth construction increase in 2028. The ducks are lining up to be out of the game in WA by 2027.
AFR did an article today on Perth taking the lead for a 30% + increase in values over the same period.
Perth, Adelaide’s and brisbane out of the capitals are all in serious under supply with growth expected to be strong in the short term. Melbourne over the medium term is getting more and more attractive
@@investorkitsmsf in Melbourne this year I feel!
No jobs in Australia the rent is very high.
Australia is too expensive IN MELBOURNE
There are actually a lot of job ads in aus with job ads at extremely high levels across the country. Rents are increasing, however in Melbourne yields are low and rents are far lower in comparison to prices/mortgage.
Can't speak for the rest of Australia, but there is currently a massive jobs boom in sth Australia.
@@ollidracnosaj9934 huge boom indeed!
Too late now for Bonza
Bonza going through some rough times, hopefully they can pull through