Don't miss out on the headlines from Property. Followed categories will be added to My News.Good luck with housing doom, next boom will start next year, interest rates only affect battlers. Rich migrants are coming and plenty of them.Australia is about to experience its biggest ever migration surge, with the Federal Government forecasting 1.5 million net overseas arrivals by 2027.
This equates to almost double the net number of migrants reaching our shores between 2017 and 2022, and is in stark contrast to the period over 2020 and 2021 when the Australian Bureau of Statistics (ABS) recorded more departures than arrivals in the wake of the Covid-19 border closures.
Just like Europe there will be generations of forever renters
