For whatever reason, the unions don't seem too fazed by this, and more broadly PM Albanese and Jim Chalmers seemingly don't believe that high immigration has a deleterious effect on wages growth or productivity.
Whether or not an Aussie population soaring to 100 million is actually a good thing is a bit of a moot point at the moment since Labor will set population policy without any serious contest for at least the next 6 years...and possibly 9 or 12.
Property news
There were more strong auction results in Sydney yesterday, and now we head into the Easter break and the cooler Autumn months, so tight stock levels will likely decline even further over the months ahead.
PropTrack again noted rising housing prices for March - largely unreported - with unit prices in Sydney leading the way, increasing by +0.7 per cent over the month, and Brisbane units also again in positive territory.
Overall, PropTrack sees prices only -3 per cent lower than a year ago, but still +30 per cent higher than pre-pandemic lockdown levels.
- Also read:Sydney’s Rental Market Trends and Forecasts
- Also read:Latest Asking Prices State by State | Total property listings rise 7.6%
- Also read:Don’t Get Too Comfortable: Why Falling Inflation Doesn’t Guarantee Rate Cuts! | Property Insiders
- Also read:National upswing in home values is all but over with values rising just 0.1% in November
- Also read:Auction Report Nov 30th 2024 | More Steady, Positive Auction Results to End November
