According to some the slow down in the Perth and Brisbane property markets may be due to a slow down in migration numbers, as well as an oversupply of vacant properties.
Property prices are monitored by the Australian Property Monitor and show that in both cities the median price of property has fallen or slowed down to a halt. This may not be great news for those trying to sell, but of course the opposite is true for future migrants who are considering purchasing properties in either cities.
For future migrants a slow down in the property market is welcomed, particularly given the strength of the Australian dollar.
For more information please see:
The Brisbane Times
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