Australia racks up biggest immigration boom in history
Australia's population has expanded rapidly over the past 12 months, boosted by the record number of immigrants settling into the country, according to the Australian Bureau of Statistics.
Melbourne vacancy rate drops to below 1%
Rental affordability in Melbourne is likely to decline further as the rental vacancy rate fell in February, for the first time, to below 1%.
Medium to long-term property outlook excellent
Uncertainty and volatility are part of the cyclical nature of all markets. While some property owners and investors may be experiencing difficult times at present, the medium and long-term outlook for residential property and rental incomes is excellent for most Australian capital cities, according to Malcolm Reid, property developer, licensed real estate agent, accredited mortgage broker and former economist for the RBA.
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