Will Labor Really Cut Migration And Will Home Prices Fall Further Too?

There was something in the Labor woodshed about migration that emerged yesterday and which may well signal a further change in policy to reduce migration into Australia. Some tweaks are already in the system, though net migration is hard for governments to control because most of the temporary visa categories are driven by demand and not formally limited. And Treasury likes high migration as it bolsters tax take, while big business welcomes more cannon fodder for housing and other services. But now Tony Burke has evidently postponed a speech at the National Press Club where he was expected to unveil some […]