After deliberately ramping immigration into Australia to a record high, Prime Minister Anthony Albanese has promised to halve net overseas migration from its recent peak.
“It depends upon the economic cycle, of course, but what we want to do is to lower that number significantly to around about half of what it has been”, Albanese told Radio 3AW.
Albanese said net overseas migration is expected to fall to 250,000 in the next financial year.