Australia Plans to Limit Immigration Based on Housing
Angus Taylor plans to limit immigration.
In short:
Migration will be capped to match housing availability.
The opposition leader says this will improve housing for Australians.
What's next?
Angus Taylor will provide more details on the policy in his budget reply speech.
The Coalition will link overseas migration to housing supply.
Migrant numbers will be limited to open up housing for Australian citizens.
The number of migrants needs to be capped by available housing.
There is a 400,000-person shortfall in housing since the government was elected.
Social media screening of visa applicants will be increased.
The Australian population grew by 400,000 people in the last year.
Immigration caps will take into account the need for skilled migrants.
The cost of living is high, and housing is a big part of that.
The opposition leader has not revealed what cap he would apply to net overseas migration.
Numbers are too high, and standards are too low, and both must change.
The federal government's national housing target is to build 1.2 million homes by the end of the decade.
The treasurer has conceded more needs to be done to promote housing growth.
The policy reflects the need to build more homes and make them affordable.
Housing is one of the defining challenges in the economy.
Concerns about it getting harder for people to buy their first home must be dealt with.
The government is investing in housing to address these concerns.
Migration vs homes built
Net overseas migration was forecast to fall to 260,000 in 2025/26.
The Coalition has pointed to higher-than-planned migration numbers and a shortfall in new homes.
Young Australians can't buy a home due to high migration and low housing supply.
The Coalition says economic needs and the need for skilled workers will be taken into account.
Rental vacancy rates are below 2 per cent, and prices are expected to continue to rise.
Housing affordability is a key focus for the Coalition.
The opposition leader has flagged cutting red tape to accelerate developments.
An immigration policy is part of the mix to put Australia first.
The policy will take into account what skilled migration is necessary.
If there aren't enough houses, it would have implications for visa classes.
Allowing more cheaply built homes is a further solution to the housing crisis.
Policy builds on values-based
The latest promise to crack down on immigration builds on the first element of the Coalition's immigration policy.
The Coalition's immigration policy includes binding Australian-value declarations on visa applications.
Visa holders who undermine democratic values will be booted out of Australia.
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