“Anybody wondering why Australia is suffering its worst rental crisis in modern history only needs to look at Thursday’s disastrous population and immigration figures from the Australian Bureau of Statistics (ABS).
Australia’s population grew by a record 563,200 in the year to March 2023, driven by a record 454,300 net overseas migration (NOM).
Australia has already blown well past the May federal budget’s projection of 400,000 NOM and 524,000 population growth over the 2022-23 financial year.”
Great article from Macrobusiness.
Labor are out of control. They need to lower immigration as they are importing a homelessness crisis.