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Aussie Real Estate Podcast
Property + Migration = Momentum

So you've got to go back a number of years since it last took place.

Aussie Real Estate Podcast
Property + Migration = Momentum

And as I said, it was brutal when we did lock people out from coming into Australia.

Aussie Real Estate Podcast
Property + Migration = Momentum

And to get a better handle on this, what number of migrants were kept at bay during the lockout period?

Aussie Real Estate Podcast
Property + Migration = Momentum

Yeah, and, you know, I should make this comment.

Aussie Real Estate Podcast
Property + Migration = Momentum

We often hear, oh, that flood was one in 100 years.

Aussie Real Estate Podcast
Property + Migration = Momentum

I mean, we're not likely to see this ever again in our lifetime.

Aussie Real Estate Podcast
Property + Migration = Momentum

And a lot of listeners for months have been thinking, how quickly can we turn this migration situation around?

Aussie Real Estate Podcast
Property + Migration = Momentum

People wonder, when will the normal volume of the international migrants return?

Aussie Real Estate Podcast
Property + Migration = Momentum

Yeah, and Rich, you mentioned that between 200,000 and 250,000 people used to come into the country every year.

Aussie Real Estate Podcast
Property + Migration = Momentum

Are these numbers sufficient to meet the shortfall required to keep our population growth on track, and just as importantly, our economy at full employment?

Aussie Real Estate Podcast
Property + Migration = Momentum

So turning our focus right now to the property market, what do you think will be the impact of rising numbers of migrants coming into Australia regarding the property market itself?

Aussie Real Estate Podcast
Property + Migration = Momentum

I mean, how can it not?

Aussie Real Estate Podcast
Property + Migration = Momentum

When you've got so many people coming, the tap being turned back on, how can the property prices not be affected?

Aussie Real Estate Podcast
Property + Migration = Momentum

Now, we want to get to this contentious question, and that is, is enough being done right now?

Aussie Real Estate Podcast
Property + Migration = Momentum

What do you think about the government?

Aussie Real Estate Podcast
Property + Migration = Momentum

Is it doing enough to speed up the processing of migrant applications?

Aussie Real Estate Podcast
Property + Migration = Momentum

All right, Rich Harvey, on this Friday morning, plenty to take away with that market momentum and migration.

Aussie Real Estate Podcast
Property + Migration = Momentum

Let's just hope plenty of people keep on coming.

Aussie Real Estate Podcast
Property + Migration = Momentum

Thanks, Rich.