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
