Harry Triguboff demands more migrants, higher towers

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Billionaire property developer Harry Triguboff claims that he has the solution to Australia’s housing crisis: pump our cities full of migrants and then build 50-storey towers to accommodate them.

Speaking on the Straight Talk with Mark Bouris podcast last week, Triguboff urged Canberra to significantly increase Australia’s already out-of-control immigration.

Australian net overseas migration

“We need more immigration because if we have no migrants, it’s very, very difficult [to build] … Life is so difficult in so much of the world that everybody would love to come here. Not to destroy us, they just want to come to live here. It’s a good place to live”, Triguboff said.

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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.