Australian International Migration Trends

Net migration in both Australia and New Zealand continues its strong post Covid rebound. Pro-immigration policy settings and the ability of both countries to attract migrants have been the key ingredients, with net migration projections significantly updated from even just a few months ago.  CBRE’s estimate of 975,000 net migration into Australia, and 210,000 into New Zealand, during 2023-2025 will create significant demand across the spectrum of property sectors.  It will add pressure in some already tight markets with, for example, additional demand for circa 408,000 and 77,000 dwellings, and 4.46 million and 0.95 million sqm of logistics space respectively across the two countries.