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Opposition Leader Peter Dutton used his budget reply address to promise a reduction in net overseas migration and a prohibition on temporary visa holders purchasing established property.
Dutton stated that if elected, he would reduce the number of permanent visas from 185,000 this financial year to 140,000 for two years, 150,000 in year three, and 160,000 in year four.
Refugees would be affected by the reduction, with humanitarian visa numbers reduced from 20,000 to 13,750.
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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.