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Rich Harvey

๐Ÿ‘ค Speaker
788 total appearances

Appearances Over Time

Podcast Appearances

Aussie Real Estate Podcast
Property + Migration = Momentum

Thanks very much, Craig.

Aussie Real Estate Podcast
Property + Migration = Momentum

Yeah, I had a great break.

Aussie Real Estate Podcast
Property + Migration = Momentum

And actually, all my team said, Rich, you're looking really relaxed and refreshed.

Aussie Real Estate Podcast
Property + Migration = Momentum

I went, yep, you betcha, ready for the last quarter of the year.

Aussie Real Estate Podcast
Property + Migration = Momentum

So I had a great trip away.

Aussie Real Estate Podcast
Property + Migration = Momentum

Craig, it was actually quite severe.

Aussie Real Estate Podcast
Property + Migration = Momentum

It had a massive impact on Australia's migration.

Aussie Real Estate Podcast
Property + Migration = Momentum

Not only did Australia lock down, but the world did as well.

Aussie Real Estate Podcast
Property + Migration = Momentum

And that impacted our population significantly.

Aussie Real Estate Podcast
Property + Migration = Momentum

You know, over the last decade, 60% of our population growth has come through migration and the rest of the population growth has come through natural increase.

Aussie Real Estate Podcast
Property + Migration = Momentum

So migration is the fundamental means by which Australia grows.

Aussie Real Estate Podcast
Property + Migration = Momentum

And with its closed borders, that suddenly came to a halt.

Aussie Real Estate Podcast
Property + Migration = Momentum

And if you look back between 2020

Aussie Real Estate Podcast
Property + Migration = Momentum

and 2021, we actually had more people leaving our shores than arriving here.

Aussie Real Estate Podcast
Property + Migration = Momentum

So we actually had a period of what we called net overseas migration decline.

Aussie Real Estate Podcast
Property + Migration = Momentum

And the only other time in history that has happened was during World War I and World War II.

Aussie Real Estate Podcast
Property + Migration = Momentum

Yeah, if we look at the stats, Craig, in 2019, we gained 247,620 people through my net overseas migration.

Aussie Real Estate Podcast
Property + Migration = Momentum

But from April 2020, I mean, remember COVID hit in sort of March 2020.

Aussie Real Estate Podcast
Property + Migration = Momentum

So from April 2020 to the end of 2021, migration was basically zero.

Aussie Real Estate Podcast
Property + Migration = Momentum

The short term migration numbers were around half a million less than they otherwise would have been.

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