Australia’s Housing Shortage Caused By High Immigration

 In today’s video update, we’ll be talking about National Cabinet‘s Housing Announcement which is A New Direction for Australia

 

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Australia’s Housing Challenge

In a recent announcement by Australia’s National Cabinet, the government will ‘build’ 1.2 million homes over the next five years, starting from July 1, 2024, which has already gathered large attention. This ambitious target, an upsurge of 200,000 homes from the prior aim, plans to address Australia’s persistent housing shortage. The shortage, as mentioned by AMP chief economist, Dr. Shane Oliver, has been aggravated by an increase in immigration-driven population growth since the 2000s.


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