House buyers slow on reading market changes

Australia is expecting a record 650,000 new arrivals over 2023-24 set against falling house construction because of high financing and materials costs.

It has been called a “perfect storm” and the RBA has warned it could put upward pressure on inflation and therefore interest rates. An immigration-fuelled inflation breakout is not what it had planned.

Loss to gain
New Zealand is experiencing its own immigration bounce. The country has gone from a loss of 20,000 people a year ago to a gain of 52,000 in the past year.

Alexander says that gain means 1% more people in the country and it looks like it is going to get bigger.