Temporary migrants ‘exacerbating’ challenges in the rental market

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REA Group Economic Research’s Executive Manager Cameron Kusher says temporary migrants are exacerbating the challenges in the rental market. “Most of the people that come into the country don’t own a home, most of the people that migrate to Australia are temporarily here,” he told Sky News Business Editor Ross Greenwood.

REA Group Economic Research’s Executive Manager Cameron Kusher says temporary migrants are exacerbating the challenges in the rental market.

“Most of the people that come into the country don’t own a home, most of the people that migrate to Australia are temporarily here,” he told Sky News Business Editor Ross Greenwood. “If you’re only here on a temporary visa, you’re probably not going to look to buy a home, but you are going to spend a number of years in the rental market.“We’re seeing a low volume of new dwelling approvals and commencements, so we’re not getting the supply response we really need.”

 

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