The 2023 Intergenerational Report projected that Australia’s population will swell by a whopping 14 million people (+50%) over the next 40 years to 40.5 million people – equivalent to adding a combined Sydney, Melbourne, Brisbane and Adelaide to Australia’s current population.
The number one solution to Australia’s housing (and infrastructure) shortage is to moderate NOM to a level that is below the nation’s ability to supply new homes, infrastructure, and business investment, while also safeguarding the natural environment (including water supplies).
And there is simply no way that we will build enough homes with current extreme NOM levels, as well as high interest rates, elevated materials costs, widespread builder insolvencies, and the like.
The whole notion of bringing in migrants to build homes for migrants is also circular ‘tail wagging the dog’ economics. It is nonsensical to import more migrants to fix a housing shortage caused by too many migrants.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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