Property Council CEO demands more immigration, whinges about supply

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Property Council of Australia chief executive Ken Morrison has again called on the federal government to ramp-up immigration to “normal” levels:

Population growth was one of the most important factors underpinning sectors across the economy including property and a clear focus on the need for population growth to resume was key, Mr Morrison said.

“In an election year, it is important to be overt with people about the benefits of resuming a normal level of net overseas migration and therefore migration growth, to the community”.

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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.