It seems the secret about how good a place Australia is to live has well and truly been let out of the bag, with people arriving at a record pace.
To June 2006, 131,593 new migrants arrived up from 123,424 in 2005 and 111,590 in 2004.
What this means is that the pressure on housing continues to rise, particularly in the more desirable areas. Only 12,113 (or 9.2%) of these migrants came under the Humanitarian Program with the rest predominately as Family Class (26.4%), Skilled or Professional (45.2%) and many New Zealanders (19.1%) choosing to cross the seas and move to Australia.
Sydney remained the most popular destination for new arrivals, followed by Melbourne, Brisbance and then Perth.
As such the bulk of all new arrivals are coming with an ever increasing level of financial independence, so they are seeking out the best housing lifestyle Australia can afford them.
The new migrants are also helping Australia to build a stronger and even more stable economy as we have now passed the critical population amount required to sustain a vibrant self supporting economic environment.
With the prospect of continued arrivals in the future, the prospects for property growth remain extremely positive, so take this as your early warning of one of the main reasons why continued growth in Australian property is assured.
