IVAN COLHOUN OUTLOOK
In recent weeks, both sides of politics have proposed policy changes that, if implemented, would significantly impact immigration rates, population growth, international student numbers, housing construction and overall economic growth in coming years. At the heart of these decisions is the housing crisis.
In the 2024 Federal budget, the government signalled an increase in: funding for new housing construction; rental assistance; regulation to increase student accommodation and fee-free TAFE places for those studying trades; and it anticipates an easing in net overseas migration in the next financial year.
The Opposition went further, committing to cut the permanent migration intake byand temporary residents from buying established housing for the next two years.
