COVID-induced migration drop set to hit property markets hard

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

Source: Getty Images/BanksPhotos

The government has projected there'll be an 85 per cent fall in migration over the next year.

Australia is starting to feel the effects of the hundreds of thousands of temporary residents that have left the country in the past couple of months - including in the housing market.

Property experts are concerned that without steady migration, it will take a significant hit.

Listen to SBS Indonesian every Monday, Wednesday, Friday and Sunday at 3 pm. Follow us on Facebook and catch us on podcasts.