The pandemic is predicted to have an unexpected impact on Australia's migration
Property Observer predicts a surge of expats arriving in Australia after the pandemic to escape countries with escalating health or political risks such as USA, UK, Europe, Hong Kong and China.
Combined with the incoming tide of Australian expats returning home due to covid, demographic experts are predicting a 'migration tsunami' by 2022. Many of the 1 million Australians who live and work overseas have already started returning home. 480,000 have returned in the past year which already exceeds Australia's population increase due to net overseas migration in the 2018-2019 financial year.
The result of these factors is extremely high housing demand. The effects of which can already be felt with the national housing market experiencing a rise in October for the first time since the start of the pandemic.
An increase in migration is expected after the pandemic
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