Victorian population grew by 600,000 from 2001 to 2011.
What do you think the growth will be in 10 years time?
There simply is not enough houses / units being built near existing infrustructure. Housing is a massive issue, and will continue to be for the next 10 to 20 years.
The profile of the modern day imigrant is not African as the press would lead you believe!
The majority of people coming into our country are very well educated Chinese or Indian professionals. These people are not being employed in low level production jobs, they usually end up in high skilled IT or Engineering insutries - they are aspirational and driven, not like our home grown houso's!
Australia will house another 5 million people by 2030 - fact.
Today represents the perfect storm for the bears sitting on sidleines. Low interest rates, increase in population and favourable tax laws etc etc.... Stop kicking the tyres and pretending you're not interested!
There will not be a 50% crash - the micro and macro conditions in Australia are so, so different to Spain, Greece and US.
