Australia's Market Anticipated to Experience a Rebound

Posted By Shiral Alexander

Australia's property market is expected to experience increased demand over the next five years, as the country's immigration policies return to pre-pandemic levels. According to industry experts, the resumption of immigration will lead to a surge in demand for housing, particularly in the country's major cities.

This, in turn, is expected to drive up property prices and create a more competitive market for both buyers and sellers. The return of immigration is seen as a positive step for the Australian economy, as it is expected to bring in a significant amount of investment and create new job opportunities.

According to information from PropTrack, the number of rental listings decreased by over 25% in 2022 while rent prices increased by 10% in major cities.

The property market is one of the sectors that is expected to benefit the most from this development. This is good news for investors as the rise in immigration and foreign students will tighten the rental market.