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7 Charts explaining why Australia has a rental crisis…bad news for tenants, good news for landlords!

by | Mar 26, 2024 | property

Dear Fellow Property Investor,

If you are wondering why Australia is suffering its worst rental crisis in living memory, look no further than today’s official September quarter immigration data from the Australian Bureau of Statistics (ABS).

Australia’s population surged by 660,000 people in the year to September 2023, driven by a record-high net overseas migration of 549,000: 145,200 net overseas migrants landed in Australia in the September quarter of 2023, the second highest quarterly figure on record behind March 2023: Net Overseas Migration Graph Net overseas migration as a share of Australia’s month remained at a record high of 83% in the September quarter of 2023: Immigration as a % of population growth graph Meanwhile, natural population increase was a historically low 111,000 in the year to September, courtesy of a jump in deaths, most likely related to the baby boomers dying off and the impacts of the pandemic. Australian Natural Population Growth Graph Finally, the next chart shows the explosion in net overseas migration on a historical basis dating back to Federation in 1901: Notice how residential rents fell at the beginning of the pandemic when net overseas migration was negative, only to explode when net overseas migration surged? Quarterly Growth in Residential Asking Rents The Albanese government’s extreme immigration program is why Australia has experienced such a severe shortage of accommodation and a rental crisis. Capital City Asking Residential Rents

Anyone who denies this fact is a liar.

Let me ask you something…

Do you have a game plan for 2024?

Or will you watch savvy, educated, market-ready investors snap up all the bargains at the bottom of the Melbourne property cycle (which in my opinion by the way has already bottomed out in November 2022),

Or will you join them?

So, what are you waiting for?

Reserve your place and join me and 55 like-minded property investors for the Real Estate Investing Fast Track Weekend!

Click HERE to reserve your seat now!