The Australian Treasury recently upgraded its net overseas migration (NOM) projection to 400,000 this financial year and 315,000 the next, which was up massively from the 235,000 NOM projected in the September federal budget and January’s Population Statement.
This followed a record 482,000 increase in Australia’s population in calendar year 2022 off record NOM of close to 400,000:
The Albanese Government has deliberately engineered this immigration boom by:
- Extending the number of hours students can work and the length of time they can stay in Australia after graduation;
- Employing 500 workers to clear the fabricated ‘one million’ visa backlog as rapidly as possible.
- Increasing the annual intake of non-humanitarian permanent migrants to a record high of 195,000 (from 160,000).
The obvious question that arises out of Labor’s record migration surge is where will they live?
Australia already has the tightest rental market on record from last year’s immigration surge, with rents rising by double digit rates across the capital cities.
Blind Freddy can see that fire hosing 715,000 new migrants into Australia over the next two years, most of whom will land in the major capitals, will make the housing shortage much worse, sending rents into orbit and pushing thousands more Australians into homelessness.
The Albanese Government’s response to the housing crisis that it has created via its extreme immigration policy is utterly pathetic.
Last week, Housing Minister Julie Collins met with her state and territory counterparts to discuss ways to enhance affordable housing stock and relieve renter pressure.
Except for Tasmanian MP Guy Barnett, the ministers all signed a letter encouraging federal senators to endorse the proposed $10 billion housing future fund.
In the first five years, the fund is anticipated to deliver 30,000 social and affordable housing.
That’s only 6,000 new social and affordable homes a year on a population increase of 400,000 to 500,000 a year over the same period!
Meanwhile, after the latest meeting of the National Cabinet, Prime Minister Anthony Albanese announced that planning Ministers will develop a proposal for National Cabinet outlining reforms to increase housing supply and affordability within the next six months.
Thus, Albo has announced a plan to have a plan, which would then take years to come to fruition (if at all).
Clearly, Labor’s social and affordable housing program represents a ‘drop in the ocean’ and will see Australia’s housing shortage continue worsen amid the government’s extreme immigration program.
The Albanese Government has literally engineered a housing and inequality disaster for the nation.
