‘They Come With Money’: Agent Says High Migration Will Smother Labor’s Housing Overhaul

‘If the [current renters] were in a position to borrow, they would buy already,’ says agent Saša Peci.

Australian Treasurer Jim Chalmers delivers the 2026-27 Federal Budget at Parliament House in Canberra, Australia on May 12, 2026. Hilary Wardhaugh/Getty Images

Saša Peci says when news first broke of Labor’s proposed overhaul of wealth creation avenues in Australia it spurred a flurry of activity in the local real estate market.

“We went from 14 open homes, and in the space of four weeks, to 59 open homes for sale in a suburb that covers a two kilometre radius on the outskirts of Logan,” the real estate agent told The Epoch Times.