Over the past year, AMP chief economist Shane Oliver has called for lower levels of immigration to alleviate Australia’s housing crisis.
In September 2023, Oliver published a research note explicitly explaining how high levels of net overseas migration were behind Australia’s housing shortage and why immigration levels need to be reduced to give Australia any chance of solving the housing shortage.
Oliver argued that “the role of immigration in the demand/supply mismatch is critical” to Australia’s housing woes:
