Australians gaslighted on immigration amid unemployment shocker


Below is a detailed interview on The Treasury of Common Sense with Radio 2GB’s Mike Jeffreys.

In this episode, we go into great detail about the latest report from the NSW Productivity Commission, which asserts that high housing costs are driving young families out of Sydney and that the solution is to “upzone” the city into high-rise apartments.

I explain why the NSW Productivity Commission is being disingenuous by refusing to acknowledge the immigration elephant, which has grown NSW’s population by nearly 800,000 people in the past decade.

We also discuss former NSW Premier Dominic Perrottet’s claim that Australia’s mass immigration policy is “lazy economics” and a “ponzi scheme”.


I was also interviewed by Kelly Higgins-Devine on the ABC Brisbane Drive program, where I unpacked Thursday’s unemployment shocker from the ABS and why the RBA will be forced to cut interest rates quicker.

I was distracted in this interview by some serious feedback issues, hence the less-polished performance.

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.