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Australia’s mass immigration program might be a dream come true for developers, since it provides an endless flood of new residents and pressure for development:
However, it is a nightmare for the working class, as evident by the surge in rental stress and homelessness across migrant-stuffed Western Sydney:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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