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The return of migrants and international students from next week is expected to put more upwards pressure on rents but have little impact on house prices, industry experts say.
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The closing of Australia’s borders demonstrated the importance of overseas students not just to the education sector but to the job market, writes Peter Hurley.
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South Australia’s economic recovery is expected to continue well into the new year as international students flood back into the state, according to the latest forecast from the University of Adelaide’s SA Centre for Economic Studies.
The Morrison Government has delayed the reopening of the Australian border to skilled workers, international students and other visa holders as it gathers more information on the Omicron coronavirus variant.
Hundreds of international students are set to return to South Australia and start quarantining at Parafield Airport by the first week of December following months of delays, the flight school hosting the proposed quarantine facility says.
The loss of lucrative international students will be compounded by a cut to research funding and a demand to enrol more local students for less money, write Peter Hurley, Melinda Hildebrandt and Sam Hoang.
