Over 100,000 migrants have entered Australia in the past month! The Labor Party is being criticized for its laissez-faire attitude, leading to soaring house prices and increased traffic congestion—Sydney Auction Clearance Rate At 63%

Week’s Key Focus

The Daily Mail reports that in February this year, Australia saw a record influx of over 100,000 migrants, a figure that has sparked widespread concern and debate over immigration policies. In total, last year saw 765,900 people migrate to Australia, with more than 100,000 arriving in just one month—a staggering statistic.

The impact of this migration wave extends beyond mere numbers; it has profoundly affected various aspects of Australian society. The most significant impact is on the housing market. As the scale of migration continues to grow, the lack of housing supply has become increasingly evident, causing house prices in Australia’s major cities to soar and severely squeezing the living costs of average Australians.

Sky News commentator Peta Credlin has been particularly critical of the government’s handling of this migration wave. She accuses the government of inaction on immigration, allowing migrants to flood in, which has exacerbated the atmosphere of social disharmony. Credlin believes the government’s approach to immigration has fostered alienation among some migrant communities from Australian values, further deepening societal divisions.

In an interview, Daniel Wild, Deputy Executive Director of the Institute of Public Affairs, stated that high immigration rates and insufficient property development are among the main drivers of the housing crisis. He argues that the federal government’s overly laissez-faire immigration policies have failed to effectively control the scale of migration, causing significant distress to ordinary Australians looking for housing.

In this context, the Australian government urgently needs to implement effective measures to address the housing crisis and immigration issues, ensuring the quality of life and social stability for the Australian people.

Auction Results Last Week

  • Sydney: Out of 528 homes up for auction, results were reported for 328, with 205 sold, achieving a clearance rate of 63%. The total auction value reached AUD $243,509,483, with a median house price of AUD $1,440,000.
  • Melbourne: Of the 801 homes listed for auction, 578 reported results, with 393 homes sold, resulting in a clearance rate of 68%. The auctions amassed a total value of AUD $327,792,387, with a median house price of AUD $939,000.

Top 5 Auction Prices in Sydney Last Week: Houses

▼TOP 1. AUD  $5,100,000

Address: 18 & 20 Howley St, Rodd Point NSW 2046

Land Size:696 sqm

House | 4 Bed | 2 Bath | 2 Parking 

▼TOP 2. AUD  $5,001,000

Address: 31 Patterson St, Concord NSW 2137

Land Size:  487 sqm

House | 5 Bed | 4 Bath | 2 Parking

▼TOP 3. AUD  $4,990,000

Address: 33 Cave Rd, Strathfield NSW 2135

Land Size: 556 sqm

House | 6 Bed | 6 Bath | 4 Parking

▼TOP 4. AUD  $4,100,000

Address:229 Spit Rd, Mosman NSW 2088

Land Size: 365sqm

House | 5 Bed | 3 Bath | 2 Parking

▼TOP 5. AUD  $3,920,000

Address:19 Douglas Av, Chatswood NSW 2067

Land Size: 519 sqm

House | 4 Bed | 2 Bath | 1 Parking

Top 5 Auction Prices in Sydney Last Week: Units

▼TOP 1. AUD   $6,537,000

Address: 6/10 Lincoln Cr, Woolloomooloo NSW 2011

Unit | 3  Bed |  3 Bath | 2 parking

▼TOP 2. AUD   $4,025,000

Address: 15 Bridge St, Cabramatta NSW 2166

Unit |  27 Bed |  12 Bath | 12 Parking

▼TOP 3. AUD   $2,600,000

Address: 73 Eastview Av, North Ryde NSW 2113

Semi | 5 Bed | 3 Bath  | 2 Parking

▼TOP 4. AUD  $2,306,000

Address:26 Nilson Av, Hillsdale NSW 2036

Duplex | 4 Bed | 4 Bath | 2 Parking

▼TOP 5. AUD   $1,940,000

Address: 11b Frederick St, Miranda NSW 2228

Semi|  5 Bed | 3 Bath   | 2 Parking

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