When Australia opens its borders to migrants to help in the post-COVID recovery, already skyrocketing house prices could further lift. One economist predicts the cost of buying a home will jump 5 per cent and rents will rise 7 per cent. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3x7Gy9X
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.