Albo replaces one failure with another

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The intertwined areas of immigration and housing are two of the most significant policy failures of the Albanese government.

In its first federal budget in October 2022, the Albanese government projected that Australia’s net overseas migration would be 235,000 in 2022-23 and 235,000 in 2023-24:

NOM projection

Source: October 2022 federal budget

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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.