//Preface//
A large number of visas approved in Australia,
The number of backlog continues to decrease,
A large number of overseas people will return to Australia,
At present, the vacancy rate of real estate in Australia is extremely low,
House rent continues to rise,
After a large number of overseas people return,
Rent may continue to rise!
#01:
million visa was approved,
A large number of overseas people will return to Australia
Although there have been news that Australia has been understand a large backlog of entry visa applications, this is true. Before the Australian general election, the Liberal government had accumulated more than 1 million visas.
Since the new Labour Party government came to power in June, visa approval speed has accelerated, and more than 2 million visas have been processed so far.
Image source: afr
According to the introduction of the Minister of the Interior Clare O'Neil, among these 2 million visas, the number of international students, temporary technical workers and tourist visas is as high as 1.35 million.
Image source: Internet
At the same time, Immigration Minister Andrew Giles also revealed to the media today that the Australian government is working hard to reduce the number of backlogs of visas, which has reduced the original more than 1 million to the current 880,000, and will further solve the problem of visa backlog in the future.
revealed Thursday that the federal government has begun to reduce the visa backlog, currently at 880,000 applications, down from nearly 1 million before the federal election.
Image source: afr
Andrew Giles also publicly emphasized that it is unwise for the branch to allow thousands of people to hold bridge visa months to determine whether their application can be approved.
And now the world is snatching talents and labor, and there is no time for Australia to slowly solve the problem.
Australia's government pledged an additional $36 million in funding at its employment and skills summit in September, and aims to hire 500 more employees in the next nine months to speed up visa processing .
At the election, there were only 260 staff members at the visa center, and the number has now doubled.
Because there are more staff members, the waiting period for visa approval can be reduced.
Image source: bedigo advertiser
At present, the median time for short-term temporary technical visas or approvals of takes 66 days, while when the Labor government just took office, the average waiting period median time for was 83 days. The accelerated approval of
visa means more people will enter Australia in the short term.
#02:
House vacancy rate has decreased,
Rental price continues to rise
In fact, since the Australian border was unblocked, as more and more people began to return to Australia, the rental market, which fell into a cold state during the epidemic, began to become popular.
In the past few months, the Australian rental market has seen a huge recovery, especially in the past three months, the Australian rental market has ushered in the fastest quarterly gains ever.
Image source: 9news
According to the latest statistics from the real estate data company PropTrack, As of the end of September, Australia's rents rose by 4.3% again compared with the data in June, and directly rose by 10.3% compared with a year ago.
This increase is very terrifying and is also the fastest increase on record.
Image source: 9news
At present, the median average rent in Australia has exceeded AUD 480. Nowadays, the approval speed of Australian visas has accelerated, and visas of 2 million people have been approved, including a large number of students, tourists and temporary skilled workers.
When they enter Australia, they will inevitably further push the rental price to rise .
Image source: 9news
Data also shows that in the past year, the rent of single-family houses has increased faster than that of apartment buildings, with increases of 11.1% and 7.1% , respectively.
However, the gap in rent for single-family and apartments across Australia remained at 50 this quarter, continuing to be the largest gap on record. The average rent for single-family houses is 500 and the average rent for apartments is 450.
Image source: 9news
However, as temporary visa holders such as international students return, apartments in Australia may become in short supply again, and multiple people may also snatch a property.
Last
The Australian government has accelerated the visa approval efforts, obviously because it hopes to attract the return of labor force as soon as possible. The 2 million visa also ensures that more people will return to Australia in the future.
While solving the labor force, the Australian rental market inevitably faces tension! Rents will only get higher and higher in the future!
