Immigration overruns Sydney and Melbourne

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Anybody living in Sydney or Melbourne this century has seen first hand the erosion of living standards as both cities’ populations ballooned.

Housing has become smaller, more expensive and located further away, traffic congestion has worsened, and all manner of economic and social infrastructure has become crush-loaded and increasingly expensive (e.g. toll roads).

New permanent migrant data released on Wednesday by the Australian Bureau of Statistics (ABS) showed there were 3.0 million permanent migrants in Australia who arrived since 2000.

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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.