Brendan Coates
speaker
226 appearances
4 recordings
1 series
first heard Feb 2022
last heard Apr 2022
Brendan Coates’s voice in public audio — every appearance, attributed to the second.
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Appearances
The Real Estate Podcast.
Yeah, that's right.
I think that the strength of having such a broad body of research is that you can see the interconnections between things.
So housing is a classic case in point where it does have bearings on retirement incomes, on the macroeconomy, migration matters as well.
But yeah, it can get pretty hectic at times.
And it has been pretty busy heading into the first couple of months of this year.
Yeah, COVID was particularly full on.
We were also looking for a house, which we actually bought.
So if you're thinking of the prototype of someone who's decided for the larger house in order to have the home office, you know, we are literally, we've been living the experience of the housing market in the last couple of years.
No, that's right.
So, obviously, you know, migration, like so many other factors, does affect housing affordability.
Migrants, when they come to Australia, they bring a lot of benefits.
They tend to raise the incomes of Australians.
They don't tend to have a big impact on the wages of Australians.
If anything, the empirical, the academic research tends to suggest that skilled migration in particular tends to raise the wages of Australians, but they also add benefits.
to housing demand.
And that does mean that they probably do lead to house prices and rents being higher than otherwise.
So, some of the work that we've looked at, which is actually picking up on work from the Reserve Bank of Australia from a couple of years ago, says that the boost to migration since 2005, so the increase in the numbers, has probably led to house prices and rents being about 9% higher by 2018 than they otherwise would have been.
So, over a decade,
House prices in Melbourne and Sydney have risen by something like 70%.
Showing 141–160 of 226 · page 8 of 12
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