Housing crisis will become permanent unless migration is cut

Tuesday 31 October 2023

Housing affordability is a top concern of voters and desperately needs to be addressed by the Albanese government if it hopes to survive beyond the next election:

The rising cost of buying or renting a home primarily comes down to the issue of supply and demand.

One of the primary drivers of demand is population growth, which is being turbo-charged by record levels of net overseas migration:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.