Migrants to the rescue of Victoria’s economy as housing slump digs in

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Victoria’s population boom, with nearly 85,000 overseas migrants settling here in the 12 months to September 2018, is keeping the state’s economy out of trouble as the property market…

  • Noel Towell
  • The Age

More than a third of Australia’s 240,000 overseas migrants last year made their way to Victoria, with most of the new arrivals settling in Melbourne and keeping the state’s economic engines…

But there are worrying signs that the housing slump is eating away at consumer confidence, according to the Department of Treasury and Finance.

Treasury boss David Martine is frank in his…

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