Immigration Minister Chris Bowen realize that the intake of International students in Australia had shrinked more than expected due to changes of migration rules. Education city like Melbourne will be flooded with excess rental property if no action is taken.
Finally some good news for Melbourne property market ? media may make a headline in coming days to spruik the rental market again to suck in average mum n dad investor.
http://www.abc.net.au/news/2011-09-22/foreign-students-to-get-visa-incentive/2911346
Imo, Chris must have a few rental property he got stuck in Melbourne....
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