rents during the coming recession..., page-17

Just something to note Tota1999,

180k new arrival? well, cross check that will IMMI next year. Those are lagging and not leading indicator.

Latest data from IDP education statistics shown that recent intake of international students last month has drop dramatically 40%, which equalvalent to approx 600 mil dollar for education sector which also directly imply the potential of future rental prospect.

http://www.nationalvisas.com.au/blog/australian-news/overseas-students-to-australia-decreased/

Since the new regime of migration rules implemented 2 years ago, there are a huge backlog on the PR application with IMMI. Canada and UK have recently open their door to foreign students which technically guaranteed their PR once graduated. The impact of rental market would not be felt until mid-late next year Australia and the flow of migration will start to decrease over years unless gov free up more quota and rules.

Recent ann form Gillard gov did not specifically spell out the new quota for migration rather they will prefer to work the figures accordingly to state where migrants is most needed.

Have a good research on the IMMI website on the flow of population traffic and you will found it very interesting that the OZ RE did not go thru the crash was co incide with FHOG togther with massive influx of migration.

http://www.immi.gov.au/media/statistics/

DYOR and don trust the stats from the RE agent too much!

Cheers all.