Craig

Really not telling us anything we didn't know, but it is great to see those numbers with clarity in terms of exactly what is taking place in the rental market, particularly in Sydney.

All right, on this Friday morning, let's have a look at your weather around Australia.

And a bit of a mixed bag in Sydney, probably rain and showers this morning.

They say it should be then mostly fine this afternoon or later in the day, 24.

is your forecast high in melbourne today a few showers with 18 brisbane a possible shower or two 28 is your forecast high and in perth today mostly blue skies and sunshine with 21.

And we're looking today at the changing tide of the property market.

When markets were rising quickly, a lot of people became absolutely convinced that

the increases in property prices would go on and on and up and up.

And then as the property market softened, a lot of people believed the downturn was entrenched with no sign of recovery.

And we see property buyers holding off their buying decisions and some people with loan pre-approvals are not in a hurry to move.

And many are convinced that the market will fall even further.

So the question this morning, is there anything on the horizon that is going to shift market momentum?

Well, there is, and that is our subject.

Migration will have a massive impact on property pricing.

So to help you and to help me understand this dynamic better,

We have got Rich Harvey back from his holiday, CEO and founder of propertybuyer.com.au.

And welcome back, energised Rich Harvey.

Well, it makes it easy too, doesn't it, to get these last three months and then we're into that Christmas New Year.

So let's have a look at the international lockdown first with this subject, because the international lockdown was pretty brutal when it was taking place.

But just how severe was it on our economy?