Temp visas surge
The total number of temporary visas in Australia rose to 2.8 million in September (it's not the strongest time of year for temporary entrants).
Excluding visitors, temporary visa number rose to 2,464,000, an increase of around 8 per cent or 164,000 from a year earlier.
Visa numbers are set to rise to a new high of 3 million in due course.
International student visa numbers nudged up to a new high of 720,000.
It looks as though both the Coalition and the Greens will vote against international student caps, so there will be no changes here until 2026 at the earliest (if there are to be any changes at all).
The rental crisis has eased a little as tenants bunch up, but it hasn't gone away.
There will likely be a demand-driven crush for good-quality rentals in 2025.
Melbourne will be an interesting test case, given that the total number of rentals actually fell by around 20,000 over the year, with more landlords selling up and first homebuyers coming into the market.
Nationally the rental vacancy rate tightened a little in October to just 1.2 per cent.
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