r/dataisbeautiful • u/Rauram99 • 4d ago

OC [OC] Housing prices and salaries - Three immigration levels (2023-2024)

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Notes:

I only included countries with >0.830 HDI >5 Millions population.

Net migration rates are a cumulative average for the last 5-10 years.

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u/Rexpelliarmus 4d ago

Doesn't really look like there's any correlation with immigration levels here.

45

u/Mobius_Peverell OC: 1 4d ago

Pretty sure that's the point of the visualization. Showing that the media narrative is not correct.

1

u/unfathomably_big 3d ago

Australia imports 500,000 people a year and builds 160,000 houses. I’m glad this graph says that isn’t an issue

5

u/Facts_pls 3d ago

Yeah, I mean families exist. 3 people in one house on average may not be terrible based on average family size. .

1

u/unfathomably_big 3d ago

So as long as every migrant is in a three person household, all 168,000 properties are built exactly where the migrants choose to live (Sydney) and no Australians move out of their parents or start a family or otherwise move for any reason there should be no impact on the market. Got it.

1

u/okphong 2d ago

Are all houses in australia in use? There are often plenty of empty housing that is just left unused as an investment. Maybe that should be used first?

1

u/unfathomably_big 2d ago

0.5% of properties, roughly 15,000 in Sydney.

Let’s say you seize every vacant house, that’ll knock out 3% of the net new requirement for year 1. What about the other 485,000 and 500,000 each year moving forward?