TOO MANY : 1.9 million net people imported into Australia over just 6 years
The Budget Papers reveal that the Government is planning for 995,000 Net new migrants over the next four financial years (2024/5 to 2027/8).
That‘s on top of 923,000 over the past two financial years (2022/23 & 2023/24).
This will ensure continued upward pressure on housing price inflation and increasing rents.
The supply of extra labor will keep wages suppressed, and more Australians will end up living in tents and caravans.
The Budget Papers reveal that the Government is planning for 995,000 Net new migrants over the next four financial years (2024/5 to 2027/8).
That‘s on top of 923,000 over the past two financial years (2022/23 & 2023/24).
This will ensure continued upward pressure on housing price inflation and increasing rents.
The supply of extra labor will keep wages suppressed, and more Australians will end up living in tents and caravans.