Government recently changed the regulation on Permanent Residency applicants. It used to be that students who have studied min of 2 years will be assign with some points that they can use towards their application to be a permanent resident of Australia. Now that they radically overhauled the system, for some time, I believe it will temporary affect the number of students who opt to study in Australia. It may not yet affect the market, but I believe it will start to affect the market in March 2010 intake.
My question is, how bad do you think this will affect property prices around university. They have been notoriously overpriced for sometime.
Thank you in advance for your thoughts and insights.
My question is, how bad do you think this will affect property prices around university. They have been notoriously overpriced for sometime.
Thank you in advance for your thoughts and insights.