After all, they're more exposed to the country's dramatic migration-driven gains and have whole property economies built around the expectation of an extra 80,000 to 100,000 people a year.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com