The federal budget is forecasting a large population increase which will put pressure on prices, energy and housing but REA Group Economic Research Executive Manager Cameron Kusher says it’s already begun.
“We’re already seeing the impact of the high rate of migration and the falling rate of construction impacting the market,” Mr Kusher told Sky News Business Editor Ross Greenwood.
“It’s mainly showing up at the moment in the rental market, we’ve got nowhere near enough supply of rental stock and we’ve got way too much demand and that’s putting pressure on rental prices.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two arrested as neo-Nazi group clashes with police at Victorian ParliamentVictoria Police deployed more than 200 officers across Melbourne on Saturday, as politicians condemned the neo-Nazis and counter-protesters gathered nearby.
Read more »
He was six when police attacked Philadelphia’s Black liberation group – now he’s making a memorialAs a child, Mike Africa Jr was a regular at a gathering place for Move. As the property’s new owner, he’s fulfiling his great-aunt’s dying wish
Read more »
Prince Harry has no evidence he was hacked by the Mirror, court toldMirror Group’s lawyers suggest newspaper’s stories about prince were instead leaked by royal press officers
Read more »
Victorian Liberals say Moira Deeming is a symptom of a much bigger problemIt was a small group of people who secured the MP’s entry to parliament. Insiders believe that represents an existential issue
Read more »
Australian woman wrongfully arrested at King's coronation, detained for hoursAlice Chambers was standing next to a group of would-be environmental protesters when she was wrongfully arrested by British Police. 9News
Read more »
Australian woman wrongfully arrested, detained for hours at King's coronationAlice Chambers was standing next to a group of 'would-be environmental protesters', who were yet to start demonstrating before police arrested her. 9News
Read more »