June 24, 2023

2 Sense: Population & jobs boom & the most millionaires migrate to Australia

43 minutes

Every Sunday the Australian Property Podcast gang get together to discuss some of the most topical property stories of the week. We are on a mission to help give you a plain English take on the headlines and what they actually mean for you and your property.

Buyer's Agent, Pete Wargent and Mortgage Broker, Chris Bates sit down to discuss how much population growth will affect the housing market, the booming jobs market, consumer spending declines, and why Australia is the number one destination for high-net worth migrants in 2023.

Population boom

Population expectations revised up to 26,583,000

What this means for the housing market and why this could be a good opportunity for construction and developers

Jobs boom continues (for now)

+75,900 jobs in May and unemployment is still 3.6%

With upward pressure on interest rates increasing the cost of living and putting pressure on businesses will this change the job market?

High net wealth migration to Australia

122,000 + millionaires are expected to migrate to Australia

Australia, often seen as a safe haven and is attractive to those looking to settle somewhere safe and enjoyable to raise their families or retire

The effects on the economy and property

Australian Property Podcast resources:

http://petewargent.blogspot.com/2023/06/australias-population-revised-up-by.html

http://petewargent.blogspot.com/2023/06/bigger-and-faster-than-previously.html

http://petewargent.blogspot.com/2023/06/consumer-spending-falls-off-cliff.html

http://petewargent.blogspot.com/2023/06/more-sydney-buyers-than-sellers.html

https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2023/inflows-outflows

http://petewargent.blogspot.com/2023/06/follow-money.html

Australian Property Podcast online - videos, notes & resources

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INFORMATION WARNING!

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.

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