As more immigrants flock to Australia, housing demand is skyrocketing. Overseas arrivals have outpaced new home construction by nearly four to one, strengthening the economy and raising property values. Migration has significantly driven up demand for rental properties, resulting in record-low national vacancy rate at a mere 1%. With limited housing supply and increasing ongoing migration, rents are expected to continue their upward trajectory. Immigrants settling in major cities will intensify the situation, where demand far exceeds supply, further driving up property prices.

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