How migration is ‘turbocharging’ housing demand on Melbourne’s fringe

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How migration is ‘turbocharging’ housing demand on Melbourne’s fringe
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The government wants to flip Melbourne’s growth from the fringes to its established suburbs, but it will need to overcome years of migration trends to do so.

Add articles to your saved list and come back to them any time.When Hillcrest Christian College had an open day last year, more than 700 people showed up.

More than 2100 students are split across the school’s two campuses, almost double the number of 10 years ago. The state’s population also ticked above 7 million in June or July, ABS demography director Phil Browning said. But Melbourne’s largest council, the City of Casey, has warned the government that it will struggle to find enough people, particularly migrants, who are willing to move into high-density homes.

The lag effect is the authors’ term for their finding that the biggest group of homebuyers by far in Australia’s two largest cities is migrants who moved to Australia between 10 and 15 years ago.In Melbourne, 15.56 per cent of homes bought between 2016 and 2021 were bought by people who had moved to Australia 10 to 15 years ago, compared to 7.36 per cent for Australian-born buyers.

Continued high intakes of international students will ensure that this pattern continues, McCloskey said.The institute’s report proposes a range of solutions for Australia’s housing crisis, including one that cuts against planning orthodoxy.

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