Immigration looms as a powerful tailwind for property
While residential property prices are traditionally underpinned by interest rates, unemployment and immigration, it is the latter that may be the most significant over the next 12 months. Philip Ryan, Managing Director of Trilogy Funds, believes a Covid-19 vaccine is key to reopening borders and expects to see significant immigration to Australia if this does arrive in 2021.
Immigration has been the backbone of GDP growth … and the question is where do we stand if we don’t have migrants coming into Australia? Where do we stand in terms of property prices?
Ryan’s hot tip for investors is the Brisbane residential property market — which has yet to experience the same boom as its southern counterparts — and may benefit from both international and interstate migration.
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