Where is Anthony Albanese’s “mature population debate”?

Tuesday, 12 March 2024

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:

Asking rents have also rocketed as rental demand via population growth has swamped supply:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.