The CEO of REA Group, a $27 billion ASX property giant, acknowledges that Australia's 'Big Australia' immigration policy has created ideal conditions for the #property industry. Strong population growth driven by immigration keeps demand high, with little sign of it slowing down. With potential rate cuts and continued immigration, demand will likely stay ahead of supply, pushing prices and rents upwards. #Immigration #PropertyMarket #Australia #RealEstate #PopulationGrowth #HousingDemand #Economy #PopulationPonzi
https://www.macrobusiness.com.au/2024/08/australias-property-industry-loves-housing-shortages/
Australia's property industry loves housing shortages
Owen Wilson, chief executive of the $27 billion ASX property classified giant REA Group, admitted that the ‘Big Australia’ mass immigration policy has created ‘goldilocks’ conditions for the industry. “Demand remains strong, thanks to solid population growth that’s been powered by immigration, and perpetually pent-up demand”, writes The AFR’s Chanticleer. “Wilson sees little reason for
