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.
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:Heat comes out of the housing market as values across Melbourne dip and Sydney slows | Corelogic Home Value Index
- Also read:Home Price Growth Still Strong Over November | Latest Housing Market Stats
- Also read:Boom to bust: What makes property prices rise and fall
- Also read:The Rate Debate considering the RBA’s raft of failures | Property Insiders [Video]
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