Australia, Canada walk path to housing ruin


Arguably, the biggest accomplishment of the Albanese Labor Government has been delivering the worst rental and homelessness crisis in living memory.

The Albanese government has lifted net overseas migration to an estimated record high 500,000, driven by surging temporary migration (mostly foreign students).

Historical NOM

Labor has also lifted the permanent migrant and humanitarian intakes to record highs.


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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.