by Rels Story thanks to Sky News Australia.
Temporary migrants are exacerbating the challenges in the rental market. “Most of the people that come into the country don’t own a home, most of the people that migrate to Australia are temporarily here,” he told Sky News Business Editor Ross Greenwood.
“If you’re only here on a temporary visa, you’re probably not going to look to buy a home, but you are going to spend a number of years in the rental market. “This is really exacerbating the challenges we’re seeing in the rental market at the moment. “We’re seeing a low volume of new dwelling approvals and commencements, so we’re not getting the supply response we really need.”
Credit – Sky News Australia
