Photo credit: The Canberra Times
Opponents of migration are being warned that significant cuts to Australia’s intake numbers would cause havoc for the economy and impact housing targets.
The North West Star reports that immigration and housing numbers were out of balance with each other. Still, dramatic cuts were not the solution, Minister Tony Burke said ahead of the release of net overseas migration numbers on Thursday.
“We’ve brought (net migration levels) down 45 per cent,” the Immigration Minister told Sky News on Sunday.
The federal government is targeting a net overseas migration level of 225,000 people each year in the next three years after numbers spiked following the COVID-19 pandemic.
The figure for the 2024/25 financial year was 306,000 people, down from 429,000 the year before.
Mr Burke said the figures needed to be finely tuned to have the best impact for housing numbers.
