The recession saw a decrease in housing prices in a majority of countries, while the Australian housing saw an increase in its demand amongst the property geeks. Statistics say that the Sydney median house price in the year 1999 was $295,000 and today, it has reached to $566,000. Various reasons, including underlying demand and supply, the Australian government policies, growth in population, to name a few, may be responsible for the increase.
Coming back to the growth in population, people migrating to Australia have played a critical role in increasing the demand of Australian housing in a major way. And why not! With so many brilliant future prospects, Australia is one of the best prospective countries to migrate to. More immigrants mean an automatic increase in the housing demand! Additionally, with an increase in students coming from all over the world to study in Australia, there has been a hike in single occupants and two-occupant dwellings in Australia recently.
If you are looking to migrate to Australia, consult an immigration expert who would not only assist you with application process but also guide you with the housing options available for you.