Latest News from Newealth

21 Sep 2023

Australian Residential Property: Surging population

Immigration without doubt is the immediate pain point for the lack of affordable residential property.

We simply do not build enough residential property for the additional people that come to work and live in Australia.

Our population rose by 563,000 for the 12 months to 31 March 2023 with 454,000 being new migrants moving to Australia.

That is a lot of people/families needing shelter to live.

Click for charts.

Immigration will continues to fuel steep rises in residential property prices and steep rises in rents which is not sustainable.

The answer is to either cut immigration which can be done immediately or build more residential property.

The challenge with building more residential property is that it takes years to complete.

If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.


At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

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