Without migrant buyers, Australia's property market is expected to struggle for 'several years'

The lack of migration to Australia due to coronavirus is expected to hit the property market hard and experts say there is no knowing how long it will take to bounce back.

The halt to migration to Australia is contributing to the downturn in the property market. Source: AAP

With Australia's population growth set to come to a screeching halt, experts are concerned the property market will be hit hard. 

Prime Minister Scott Morrison has said he expects net overseas migration to fall 30 per cent this year and a staggering 85 per cent next financial year due to the virus. 

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