How Migration has helped Australian real estate adding $6500 to the economy

A soon to be published study has pointed out that, with out immergration house prices would have been around
1.4 percent lower and units 0.8 per cent lower per annum.

“Domain news” interviewed Mr Melser (reseacher) who noted that the house price gain were similar with those of other
countries such as the USA, where the same studies where also conducted.

“More, effects of immigrants on different property types are noticed- this signals a larger impact on house
prices than units or apartments.”, he was quoted.

A small number of immgrant groups had a larger impact on real estate than others, knowing that these
certain groups where bound to buy a house, Mr Melser said.

“Chinese and Indians have both the same high levels of home ownership”, Melser studied.

The study found that between 2006 and 2016 55.9% of Chinese immergrants owned a property, where areas people of
Indian heritage owned 39.3% and around 35.4% came from other countries.

Another resercher who came to the country in 2016 Economist Esther Rajadurai noticed that different cultures
had an impact on australia.

While rising house prices was overall a negitive impact for the first home owners, generally it was postive effect.

“Rising house prices, means the economy is strong overall” Ms Rajadurai pointed out.

“What should be brought in are policies that lessen the demanding charge to fluxuate the housing prices which should lead to
a healthy price market for housing.

“For a growing population infursturcture has to be on top of the list”

She also stated that the first home owners deposit scheme, could give a more equitable outcome.
“There are many postives to the ecomony from migration”

“Migrants bring in intake and spending which drives economic increase and government revenue – each key
things needed in Australia’s economic system in the light of its slow increase predictions and lowering wages,” she said.
“Australian Treasury facts show that migrant consumption from 2014-15 alone would provide a $10 billion increase to the finances over the next five decades.”

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Melissa Heagney
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Senior Journalist Jan 31, 2020

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