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'Significant pressure' on rents and house prices expected as borders reopen to new migrants
When Australia opens its borders to migrants to help in the post-COVID recovery, already skyrocketing house prices could further lift. One economist predicts the cost of buying a home will jump 5 per cent and rents will rise 7 per cent.
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By [email protected] (ABC News)When Australia opens its borders to migrants to help in the post-COVID recovery, already skyrocketing house prices could further lift. One economist predicts the cost of buying a home will jump 5 per cent and rents will rise 7 per cent.