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Soaring property prices push more expats to leave Australia
Summary by prwire.com.au
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Soaring property prices push more expats to leave Australia
Australia's cost-of-living crisis is fuelling an exodus of skilled migrants, with affordability pressures pushing many to reconsider their future in the country.According to the Australian Bureau of Statistics, migrant departures rose by 8% in 2023-24, while migrant arrivals fell by 10% compared to the year prior. This marked the first annual drop in net overseas migration since borders reopened.Housing affordability is a key driver. In Sydney a…
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