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Alex ShangAustralia's opposition leader just unveiled a 9-point immigration plan that could reshape the property market. But KPMG's model shows zero net migration would push house prices 2.3% higher — not lower. Here's why supply matters more than demand, and what it means for your next investment move.
Alex ShangMelbourne. The world’s most livable city. Number one. That’s what Time Out magazine declared in March 2026. Melbourne’s mayor Nicholas Reece jumped on LinkedIn with three trophy emojis. Property agents, education consultants, migration agents, they all lost their minds. “Most liveable city! Growth is locked in! Come study, migrate, buy property!” And in the exact same month, Victoria’s Crime Statistics Agency released its latest numbers. 630,000 criminal incidents. The highest crime rate in nine years. On one hand, number one in the world. On the other, the worst in nearly a decade. You put those two things side by side and tell me that doesn’t feel a little surreal.