Coalition to link immigration limits to new builds as Taylor says ‘migration has run miles ahead of housing’
Summary
The Australian Coalition plans to limit the number of new migrants based on how many new homes are built each year. Opposition leader Angus Taylor will propose tougher immigration limits, a $5 billion fund to improve housing infrastructure, and changes to speed up building and reduce costs.Key Facts
- The Coalition will link the number of temporary immigrants allowed to the number of new homes completed annually.
- Angus Taylor will announce this policy in his budget reply speech.
- Housing completion numbers will set the maximum limit for net overseas migration.
- Net overseas migration is the difference between people arriving and staying more than 12 months and those leaving.
- In 2023-24, about 172,657 new houses were built, while net migration was 306,000, higher than the housing supply would suggest.
- The Coalition plans a $5 billion housing infrastructure fund to speed up essential services for new homes.
- The Coalition aims to tighten rules for international students and skilled visa categories.
- Coalition plans include scrapping existing Labor housing programs and boosting economic growth and energy security.
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