Housing crisis will become permanent unless migration is cut

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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:

Voter concerns

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:

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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.