Changes To Migration Policy Would Likely Dampen Housing Demand

Changes to migration policy would dampen housing demand, likely impacting the New South Wales housing market more than others.

The latest population data from the Australian Bureau of Statistics was released recently, which showed the national population is rapidly approaching the 25 million mark, with 395,613 more people residing in Australia over the twelve months to September 2017. 

From a housing market perspective, population growth can be regarded as a proxy for housing demand –…