Long-time mass immigration booster, Deloitte-Access Economics’ Chris Richardson, yesterday admitted that Australia needs to spend five times as much on infrastructure if we hope to keep up with projected “exceptional” levels of population growth. From The AFR:
Mr Richardson, a partner with Deloitte Access Economics, says a “disappointingly patchy” approach to infrastructure investment means that Australia is running well behind on the infrastructure spending required to ensure smooth-functioning big cities like Melbourne and Sydney and a yawning gap has opened up. The angst among residents from this poor planning and under-investment may now result in politicians moving to cut migration levels to quell the rising anger. “The backlash is building”.
