Business
The property market is bracing for the collapse in international student numbers – with Australia’s economy to feel the blow for years to come – Business Insider Australia
With the flood of international students into the country reduced to a trickle, Australian industries are beginning to wise up to the costs.
- International students no longer coming to Australia is set to have major economic ramifications, including to the property market.
- A new report from the National Housing Finance and Investment Corporation (NHFIC) projects demand for housing will fall by 232,000 over the next three years as a direct result of international admissions dropping.
- The report also warns of a fallout in rents and prices, and foreshadows the greater impact to construction, population growth an…
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