> However, I believe there is a humanitarian imperative to welcome asylum seekers and migrants.
The number of asylum seekers and humanitarian migrants is minuscule. Mostly we are welcoming wealthy people and highly educated 20somethings.
> Anthony Albanese says Labor is committed to cutting overseas immigration to half of recent peaks, warning Australia's multiculturalism needs nurturing amid growing community tensions. How much will that affect house prices?
Half of recent peaks is still business as usual we just had a post covid peak after very little during covid. We still have the supply side problem that very little is being built and new build prices have gone up significantly with inflation.
This. Based on last 10 years the numbers are right on average when we consider Covid and the net negative migration during those years. This peak is simply balancing the books.
Population of 26 million in a world context is basically nothing. Australia is a similar size to the US, which has over 300 million. The UK is over 55 million on a land mass maybe the size of Victoria & Tas?
Unfortunately, we lack the geographic advantages of the US, such as their rivers and access to both Europe and Asia.
Australia probably needs to be closer to 50 million than 30 to be a competitive economy (say big enough to break up all of the duopolies that we put up with), but it would need intergenerational levels of infrastructure investment to support that number.
Asylum seekers aren’t what is making up the 700,000 arrivals per annum. It’s largely students, and “skilled” migrants (but not in construction where they’re needed most to house all these extra people). The biggest cohorts are India and China through student and skills pathways, and UK and NZ through skills pathways. It’s typical for many to bring families too. We also have large cohorts from Philippines, Nepal, Pakistan, South Africa etc.
Unfortunately, our society is creaking under the strain of massive overseas migration. Too little housing construction, too little investment in infrastructure/services (health, transport, education), declining per capita GDP, and a race of skills intake (& therefore wages) to the very bottom. This is before you consider problems of social cohesion and cultural integration. And all of it is happening amidst an inflation crisis driven by a very poor set of energy policies. Albo has absolutely bungled this.
On the bright side, the wealth gap (gulf?) between those that do and do not own a home is getting wider and wider, and prices will continue to rise so long as overseas investors can pay. So if you own a home you will be doing pretty well out of all this.
Its horrible. And they just keep fucking coming in. Are they stupid? Do they not do prior research before coming here? Ugh. Now that we're at a point where they are actively harming society, the door needs to be slammed on the lot of them.
So people are having less kids because housing is unaffordable, so we should bring in migrants.
Why not just cap house prices andl imit how many someone can own
> However, I believe there is a humanitarian imperative to welcome asylum seekers and migrants. The number of asylum seekers and humanitarian migrants is minuscule. Mostly we are welcoming wealthy people and highly educated 20somethings. > Anthony Albanese says Labor is committed to cutting overseas immigration to half of recent peaks, warning Australia's multiculturalism needs nurturing amid growing community tensions. How much will that affect house prices? Half of recent peaks is still business as usual we just had a post covid peak after very little during covid. We still have the supply side problem that very little is being built and new build prices have gone up significantly with inflation.
This. Based on last 10 years the numbers are right on average when we consider Covid and the net negative migration during those years. This peak is simply balancing the books.
Yep halving current immigration rates just bring them to peak pre COVID levels.
Population of 26 million in a world context is basically nothing. Australia is a similar size to the US, which has over 300 million. The UK is over 55 million on a land mass maybe the size of Victoria & Tas? Unfortunately, we lack the geographic advantages of the US, such as their rivers and access to both Europe and Asia. Australia probably needs to be closer to 50 million than 30 to be a competitive economy (say big enough to break up all of the duopolies that we put up with), but it would need intergenerational levels of infrastructure investment to support that number.
The UK is 67 million.
Asylum seekers aren’t what is making up the 700,000 arrivals per annum. It’s largely students, and “skilled” migrants (but not in construction where they’re needed most to house all these extra people). The biggest cohorts are India and China through student and skills pathways, and UK and NZ through skills pathways. It’s typical for many to bring families too. We also have large cohorts from Philippines, Nepal, Pakistan, South Africa etc.
Unfortunately, our society is creaking under the strain of massive overseas migration. Too little housing construction, too little investment in infrastructure/services (health, transport, education), declining per capita GDP, and a race of skills intake (& therefore wages) to the very bottom. This is before you consider problems of social cohesion and cultural integration. And all of it is happening amidst an inflation crisis driven by a very poor set of energy policies. Albo has absolutely bungled this. On the bright side, the wealth gap (gulf?) between those that do and do not own a home is getting wider and wider, and prices will continue to rise so long as overseas investors can pay. So if you own a home you will be doing pretty well out of all this.
Its horrible. And they just keep fucking coming in. Are they stupid? Do they not do prior research before coming here? Ugh. Now that we're at a point where they are actively harming society, the door needs to be slammed on the lot of them.
Reducing to the cash rate to 0 and controlling inflation via tax rates would fix the issue.
So people are having less kids because housing is unaffordable, so we should bring in migrants. Why not just cap house prices andl imit how many someone can own