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NSW Planning Minister Rob Stokes believes the state must continue to build homes despite the immigration-driven slump in population growth:
Mr Stokes said the pandemic would slow population growth in the short term but would not alter the long-term increase that informed housing and land development targets.
“We still need more houses to catch up with a structural shortage in housing supply, and to meet the changing housing preferences of our community,” he said.
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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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