It will be interesting to see whether developers are able to hold on to any unsold inventory and rent units out in an era of low interest rates. In this scenario there will inevitably be downward pressure on inner city rents.
In previous cycles leveraged developers with unsold inventory were forced to offload stock by double digit interest rates, and buyers bolted too as settlement valuations missed the mark.
The recent election campaign also led to some potentially interesting shifts via proposed policies for...
Thus over the 2015/16 Migration Programme year, parent visa places were capped as follows:
- 1,500 places allocated to Parent (non-contributory) visas
- 7,175 places allocated to Contributory Parent visas
I wouldn't believe anything a politician told me these days, but Google trends activity shows that
there has been an explosion of interest in parent visas since the last full Census in 2011.
As at 30 June 2016 due to the caps there were 38,770 persons in the queue for standard parent visas (up 59 per cent from last year), and another 5,160 persons for aged parent visas (up 28 per cent).
Surely a potential vote-winner for the ALP in the rapidly growing migrant communities, particularly in an era where so many young families also strive to be dual-income households.
For this reason the Coalition's proposed policy denotes that parents of Australian citizens and permanent residents who have lodged a permanent parental visa application "may" be issued a five year visa "on a case-by-case basis".