The debate on Australia's migration numbers has been reignited, with the federal government revealing it is considering laws that would set a cap on international student enrolments. Cost-of-living pressures, including housing, have put pressure on the federal government to find solutions.
The debate on Australia's migration numbers has been reignited, with the federal government revealing it is considering laws that would set a cap on international student enrolments. Cost-of-living pressures, including housing, have put pressure on the federal government to find solutions.Australia's population grew by 2.5 per cent to a total of 26-point-8 million people in the 12 months to September 2023, driven by record levels of overseas migration.
Net overseas migration to Australia in the 2020–21 financial year fell by 88,800, the country’s largest net outflow since World War One."Inflation has taken off in a way that it hasn't in decades. Prices have risen a lot, but wages haven't. So when you go to the shops - everything else equal - it buys less than it used to. Interest rates have roared up, the Reserve Bank is fighting inflation through higher interest rates.
The government wants to introduce new legislation that will set a cap on the maximum number of new international student places in the tertiary education sector. International students provide a $48 billion boost to Australia's economy and employ 200,000 workers, making it the nation's fourth-largest export.
Greens leader Adam Bandt says the government is targeting migration to draw attention away from what he sees as the real cause of the housing crisis - handouts to property investors. "There are no silver bullets here. This is one thing that needs to be dealt with. We need to be looking at tax - how do we change the tax incentives for investment properties that stack interests in terms of property investors, rather than have housing as something people in our community should be able to afford. But we have to be able to talk about immigration - what do want that to look like, how many, what does that mean for things like housing, what does that mean for skills shortages.
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