Skyrocketing housing costs: a major hurdle for new arrivals in Australia

What are the best and worst things about living in Australia?

Immigration to Australia commissioned a survey to find out what Australians think are the five best and worst things that immigrants experience in Australia

Not surprisingly soaring property prices and rent were a significant concern, with over 80% of Australians citing this as a major challenge for new arrivals.

Particularly in South Australia and Queensland, the unprecedented rise in housing costs is seen as a substantial obstacle for immigrants.

Following closely, the high cost of living is another pressing issue, affecting a considerable 73% of the population, especially those aged 35-54.

This insight comes from a comprehensive survey conducted by Immigration to Australia, involving a nationally representative panel of 1,012 Australians.

The survey aimed to understand the perceptions of Australians about the best and worst aspects of life in the country for newcomers, amidst increasing migration and skill shortages.

Diverse challenges for new arrivals

Participants were asked to consider 15 potential negatives about living in Australia, ranging from traffic woes to internet quality, and visa complications.

Interestingly 59% pointed out poor internet as a key issue, while 50% highlighted the vast distances within the country.

Intriguingly, the data, segmented by age and state, revealed that 88% of those over 55 (the highest of any age group) view the housing and rental crisis as one of the nation's top five issues.

These findings come at a time of near-record levels of international immigration and a government move to allocate 190,000 places in the 2023-24 permanent migration program to address skill shortages.

Notably, significant shortages were identified in 36% of assessed occupations in Australia last year.

Regional variations in housing concerns

In regions like South Australia and Queensland, where house prices have skyrocketed, the housing crisis is the most pressing concern.

Adelaide, for instance, saw a staggering 60% rise in median house prices over four years, leading the country.

Brisbane, too, experienced record highs in housing and rental prices, reflecting the acute impact of this surge on the local populace.

Alon Rajic, the founder and managing director of Immigration to Australia, notes that these results not only highlight the perceived challenges for newcomers but also reflect the concerns of residents across different states and age groups.

He observes a particular strain on South Australians and Queenslanders due to rapid property price increases, while Victorians equally worry about property prices and the cost of living.

Generational differences in perceived challenges

Interestingly, the housing and rental crisis is a more significant concern for those over 55, as opposed to younger age groups.

Middle-aged Australians, possibly grappling with family expenses, view the cost of living as a more prominent issue.

The survey also sheds light on the perception of Australia's isolated location and travel distances, which seem to concern older Australians more than the younger generations.

Younger respondents, however, are more likely to view Australia as lagging in innovation and global product availability.

Highlighting Australia's attractions

On a positive note, the survey explored the best aspects of life in Australia for newcomers.

High-quality healthcare, the freshness of Australian food, and the country's weather emerged as top attractions.

However, regional differences in the appreciation of weather were noted, and generational variances in the perception of Australia's low crime rate were also apparent.

Alon concludes that the survey results not only reveal the challenges faced but also highlight the aspects of Australia that are cherished by its residents, such as the climate, healthcare system, and food quality.

He emphasizes the pride young Australians take in the nation's safety, a sentiment shaped by the steady decline in crime rates since the 1990s.

About Chris Dang Chris Dang is an accountant by training and has worked in the Financial Planning industry for many years. Chris brings together property, accounting, and financial planning experience to help clients of Metropole Wealth Advisory create a holistic plan for their wealth.