Intergenerational report warned on housing and was ignored

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Let’s take a walk down memory lane.

It is June 2021, during the height of the pandemic. Australia’s borders are closed to immigration. And the NSW Intergenerational Report (IGR) has just been released, which explicitly warns that rebooting the Big Australia mass immigration program would create renewed ‘housing shortages’ across the state.

“Net migration is expected to average around 48,000 people each year to 2061”, the NSW IGR states. “This reflects a net gain of around 66,000 people moving from overseas to New South Wales and a net loss to interstate migration of 17,000”.

NSW net overseas migration

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.