QBE Housing Outlook Update

Phil White, CEO, QBE Lenders Mortgage Insurance writes;

"What will Australia be like in 30 years? According to the latest projections, we’re heading towards a population of 36 million by 2050 with our two largest cities, Sydney and Melbourne, already on the way to super city status and eight million people."

"Population growth from migration, whether international or interstate, is a major driver of our housing market. While many of the forecasts from last year’s QBE Australian Housing Outlook still stand, there have been changes to some of the underlying assumptions, including population figures, which underpin the forecasts put together by BIS Oxford Economics."

You can read the full report here.