Toowoomba City: Keep an Eye on This Investment Destination in Queensland
03.11.2023
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The past few years has seen a sharp decline in immigration due to Covid border closures and an exodus of international students.
But the new Labor Government has announced it’s actively seeking to raise the level of skilled immigration, with a forecast target of between 180,000 to 200,000 new arrivals per year, to counter worker shortfalls in key areas like health, trades, manufacturing, and tech.
“People who come with greater skills also sometimes tend to come with more ability to purchase a home,” said Martin North of Digital Finance Analytics.
“Some of those people do think about buying quite quickly, and they tend to gravitate towards off-the-plan or new developments in outer suburbs.
“The majority of people coming from overseas are looking at big houses, substantial houses with lots of land.”
Mr Brailey said many migrants would be looking for affordability in family-friendly areas with good schools in the middle rings and outer suburbs of our major cities.
“Having a prestigious property with a big backyard is not just a traditional Australian dream, it’s a global dream to have that aspirational lifestyle,” he said.
“People want to have that quality lifestyle. They might start in an apartment for the first couple of years, but then look for that prestigious property.”
Source: realestate.com.au
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