Where is Anthony Albanese’s “mature population debate”?
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The December quarter national accounts release from the Australian Bureau of Statistics (ABS) implied that Australia’s population increased by 680,000 in 2023, on the back of record high net overseas migration.
The impact of this surge in population has been devastating for tenants, with rental vacancy rates collapsing across Australia:
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Asking rents have also rocketed as rental demand via population growth has swamped supply:
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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.