Tenants Urged to Push for Lower Immigration in Australia

Impact of Record Immigration on Australian Renters

Australian renters are currently facing challenges as immigration levels soar. Over the past 33 months, the country has welcomed a remarkable 1,227,000 net migrants, primarily through temporary migration pathways. This influx has intensified demand in the rental market.

Temporary Migration and the Rental Market

Many recent migrants hold temporary visas, which permit them to work but necessitate housing. This population surge has caused a noticeable increase in rental prices across various regions. Consequently, existing tenants find it increasingly difficult to secure affordable accommodation amid growing competition.

Justin Fabo from Antipodean Macro points out a direct correlation between the influx of temporary visa holders and rising rent costs. Current data illustrates that advertised rents have reached new heights, putting additional strain on housing availability for both newcomers and existing renters.

How This Relates to Visa Sponsorship and Jobs

For those considering migration to Australia, these trends underscore the importance of understanding both the job market and the housing situation. Several visas exist, such as the 482 visa for temporary skills shortages and the 186 visa for permanent residency. These opportunities allow skilled workers to find employment while navigating the complexities of a competitive rental market. International job seekers should keep informed about housing conditions as they plan their transition to Australia.

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