Where is Australia’s new housing?
From Institute of Public Affairs
Research by the Institute of Public Affairs (IPA) finds that over the six years to 2028, Australia is set to face a net housing supply shortfall of 252,800 units. A key contributor to this housing crisis is the Commonwealth Government’s inability to rein in the influx of migrants subsequent to the lifting of international borders after the COVID -19 pandemic. A net of 1.755 million new immigrants are set to call Australia home between 2023 and 2028.The Australian Financial Review has attributed this steep rise in migration to ‘a rebound in the number of people living in Australia on student visas’. This was subsequently acknowledged in the May 2023-24 Budget:
- The reopening of international borders has seen a rapid recovery in the stock of international students, skilled temporary visa holders and working holiday makers in 2022-23. Second and third-year students who were studying online during the pandemic have been returning, in addition to those arriving in Australia to begin their studies.
Almost two-thirds of the more than 400,000 net new migrants in the financial year ending 2023 have arrived in Australia on student visas. Another two thirds of the subsequent year’s net migration intake will be made up of international students. Many international students come to Australia for the primary purpose of working and seeking permanent residency rather than getting an education. Indeed, part-time work opportunities and a pathway to permanent settlement are the major selling points of educational and immigration agents, as well as tertiary education institutions, seeking to attract international students.This research report studies the impact that the present volume of international student arrivals has, and will continue to have, on Australia’s housing shortage.
The consequences of the unprecedented influx of international students are not just felt by Australians but also the international students themselves, whose educational experience suffers as a result of issues associated with a lack of housing availability, especially in Australia’s capital cities.In Australia’s capital cities, where most international students reside, the percentage of international students to new housing supply was as follows in the financial year 2023 (note: greater than 100 per cent indicates that international students occupied an equivalent to all the new housing supply, as well as consuming existing supply):
- Melbourne: 80%
- Sydney: 147%
- Brisbane: 57%
- Perth: 63%
- Adelaide: 89%
- Hobart: 103%
- Darwin: 140%
- Canberra: 55%
By Senator Gerrard Rennick
Last financial year, the Albanese government oversaw the largest ever net intake of international students, of more than 250,000 people, which was more than twice the previous high of 122,000 in the financial year ending in 2009.
This is driving up the cost of living and adding to the rental shortage. International students took up to 70 per cent last year of the net new housing units supplied to the market, leaving just 30 per cent for the rest of the nation, including other new migrants.
It’s about time universities started to pay tax on income derived from foreign students. They claim to be one of Australia’s biggest export earnings so they should start paying tax like other export earners.
Editor: How many of these migrants will be from Islamic countries or China?
Senator Malcolm Roberts revealed 2 days ago that there’s a glaring disparity between official govt Foreign Investment Review Board stats (2020-21) on foreign purchase of residential properties in Aust (FIRB quotes 0.74%) and figures quoted by an independent source (over 2%).
The negative flow-on effect into the market is what both Labor and the LNP want to keep hidden. MSM will never touch this topic because they too are cowards.
Yet another reason to remove both major political parties from power. onenation.org.au/unmasking-the-scandal-malcolm-roberts-exposes-hidden-foreign-ownership-of-australian-property
Good one Bliskitt. Ed
Australia has primarily a Consumer Economy, and such economies need a constant supply of new consumers (parallels with locusts are unintended)…
New consumers drive the housing & rental industry, and compete with young Australians…And they need houses stuffed with a lot of Made in China products…
A win-win for China: it exports its surplus populations who then buy Made in China products, products that were once made locally (think: solar panels), leaving Australians to seek work in the low-waged service sector, where they must compete with imported consumers…
De-industrialising the Australian economy was never put to a national referendum…
Was hoping most of those would be kiwis fleeing this dead and dying country too… from Northland, land of lost promises….
Ed and Co. This article ties in nicely.
https://www.michaelsmithnews.com/2023/07/sydney-university-to-dish-out-scholarships-to-foreigners.html#comments
From the article:
Your tax dollars at work.
You’ll be happy to know that the University of Sydney has just been granted permission to provide exclusive financial scholarships to students from the following countries:
Uzbekistan
Kazakhstan
Turkmenistan
Tajikistan
Azerbaijan
Kyrgyzstan
China
India
Pakistan
Bangladesh
Sri-Lanka
Nepal
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
Myanmar
Lebanon
Mexico
South Korea
Cambodia
Mongolia
Taiwan
Turkey
The scholarships will cover the costs of tuition fees.
All of this approved by the Anti-Discrimination Commission.
Anti-Discrimination Act 1977 EXEMPTION ORDER
Under the provisions of section 126 of the Anti-Discrimination Act 1977 (NSW), the exemption order granted to the University of Sydney on 15 March 2021 is HEREBY VARIED to read:
Under the provisions of section 126 of the Anti-Discrimination Act 1977 (NSW), an exemption is given from sections 17 and 51 of the Anti-Discrimination Act 1977 (NSW) to the University of Sydney to provide financial tuition scholarships to students from India, Pakistan, Bangladesh, Sri-Lanka, Nepal, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Myanmar, Indonesia, Africa, Central Asia (Uzbekistan, Kazakhstan, Turkmenistan, Tajikistan, Azerbaijan, Kyrgyzstan), China, Lebanon, Mexico, Central and South America, South Korea, Cambodia, Eastern Europe, Japan, Mongolia, Taiwan and Turkey.
This exemption will remain in force until 31 December 2030.
Dated: 3 July 2023
Jackie Lyne
Manager, Governance & Advice Delegate of the President Anti-Discrimination NSW “
We know it’s not the rural poor who can migrate to greener pastures, it’s the reasonably well off urbanites who desert their countries for the Good Life in Oz…
Home ownership, already out of the reach of so many young Australians, will be even more out of reach with so much introduced competition…
And with so many household requirements being Made in China – it will be good for China’s economy…
Lindesymonds – said: “This is not an immigration policy of the type that a sovereign nation would have in its national interest.
This is a Diversity Import and quota dictate of Foreign Entities”
100% correct.
Replacements for our dying and already dead from the jabs, and their continuing plans to get rid of the present Australians, that is, First Nation, Second Nation – whatever names are used.
Our industries have been and still are being wound down, why more workers from third world and communist countries?
They will likely vote for those who brought them here. and the welfare systems that will support them?
We have already accepted millions of immigrants into Australia, most of them have assimilated and are of value to our (fast disappearing) way of life.
Every argument about the (present) needed mass immigration, can be very quickly shot down when common sense and reality are applied.
The immigrant replacements, will likely also replace the First Nation people, or at least over power them, they will end up having a much bigger and stronger Voice.
How many years into the future, before there will be a slow down of hundred of thousands of immigrants over short (continuing) periods of time?
We are being conned, we do little to nothing about it, do we now deserve what we get out of this ever growing mess we are in?
That is the mentality of the current government we have to lure more immigrants into this country. Probably no money for housing them either. That has all been spent on Albo’s globe-trotting and the Voice.
More importantly where are these new residents coming from and what troubles will they bring with them?
Populat or perish was the Labor party’s catch cry in the 50s and the 60s.not much has changed with their left wing communist views.keep wagers Down and rents and house prices up.good one albo.
If they come here as a student, then they should have to jump through the same hoops as expected in somewhere like Thailand. I met someone there who was wondering where to stay as a student. I said I know there is a res over there. We walked there together and they said: Oh no, this is for students only. So he said great, I’m a student. No, this is not for “farangs”! Of course, technically a Chinese person is a “farang” (foreigner) but they slide right in there and are not called a “farang” – make what you will of that! When you study there, you get three months – then you must show your face at immigration, when your visa is up YOU MUST LEAVE and reapply from outside the country. You cannot own anything whatsoever on the ground floor. A Building cannot have more than 50% farangs in it. THEY LOOK AFTER THEMSELVES AS ANY COUNTRY SHOULD. It is the right of a culture to protect their culture and I was never offended by it.
This is not an immigration policy of the type that a sovereign nation would have in its national interest.
This is a Diversity Import and quota dictate of Foreign Entities – and I think we have a pretty good idea of what those might be. No. Not the US ZOG – which is subject to the same dicta and also the United [Communist] Nations Global Compact on Migration open borders policy.
The Australian corporate pretender / stooge government is flying the Diversity in by the planeload and sending a whole fleet of happy helpers, lawyers, social workers to the tarmac to get them signed up to the gravy train.
And they will be cherry picking. ‘Death to the Infidel’ on the immigration form is just fine. Yes Mr Jihadi, we do have a Halal food tax on Dar Al-Harb. K-Factor alert! Some of the Cultural Enrichment has already raped two of the happy helpers in the All Genders toilet block? No problem. There is someone on the Welcome Committee who can get those boys connected with their co-ethnics and gang members.
What could go wrong?
Where will they all live? Surely rhetorical ??
In the empty house of those foolish enough to have taken the depopulisation jabs.