Migration balloons by 80,000 above expectations, adding to housing pressures
3 months, 1 week ago

Migration balloons by 80,000 above expectations, adding to housing pressures

ABC  

Australia's migrant population will rise above the government's expectations by 80,000 people over this financial year, adding to pressure on Australia's housing and rental markets. The mid-year budget update has revealed net overseas migration will grow this financial year by 340,000, well above the 260,000 the government had expected. Finance Minister Katy Gallagher and Treasurer Jim Chalmers handed down a mid-year budget update that revealed higher-than-expected migration figures for this year. The shadow immigration minister said the update was at odds with Prime Minister Anthony Albanese's comments in May that net migration would fall to 260,000. Mr Taylor insisted the opposition had also not abandoned a previous proposal to limit net overseas migration to 160,000 a year, which would more than halve Australia's migration rate.

History of this topic

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2 months ago
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