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Over the past year or so, I have ridiculed the push by Coalition politicians towards decentralisation, noting that this is a pipe dream based on the settlement pattern of new migrants, which have overwhelmingly chosen to flood the major cities:
Another issue conveniently ignored by pushers of this policy is that many of Australia’s regions are suffering extreme drought – a situation that is likely to worsen as climate change bites. A case in point is regional NSW, where water storages are plummeting:
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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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