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Home News Anthony Albanese claims immigration is not the real cause of Australia’s housing crisis – and reveals his theory

Anthony Albanese claims immigration is not the real cause of Australia’s housing crisis – and reveals his theory

by Abella
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Anthony Albanese has denied that record -high immigration levels cause the housing shortage of Australia and the resulting massive prices.

The prime minister told Q+a host Patricia Karvelas High Immigration levels on the Labor watch were inevitable after the borders reopened after Covid Lockdowns.

“When the boundaries were lifted, there would always be a peak,” he told the ABC on Monday evening.

“Australians who come home, visitors come here for the first time, students.”

But he blamed house prices for lack of supply, not the rising demand from migrants.

“We want them to be more affordable. The key there is of course also delivery, “he said.

Albanese blamed the coalition for blocking the Labor plan to limit international student numbers at 270,000 – although it was imported employees and not students who raised the question.

“About immigration, especially when it comes to housing, the largest thing you could do, area where you could reduce the amount, is for students because some of that frankly was abused,” the prime minister said.

Anthony Albanese claims immigration is not the real cause of Australia’s housing crisis – and reveals his theory

Anthony Albanese has admitted that rising house prices are good for people like him who are 'own houses'

The immigration levels rose to registering levels above 500,000, at the end of 2023, almost two years after the borders of Australia were reopened.

The 444,480 intake for 2024 was still more than double the 194,400 pre-known level in the year until June 2020, which covered the early part of the pandemie with arrivals and departure that was incorporated into it.

As a homeowner himself, Mr. Albanese admitted that the rising house prizes benefited homeowners, but made it harder for aspiring buyers.

“For the well -being of people who own their own houses (rising prices) good, but for people who try to get into the house makes it harder,” he said.

“That's just the truth of the case.”

An Australian who earns an average, full -time salary of $ 102,742 is effectively closed by buying a house in a capital city market, with $ 1 million now the typical asking price.

This is mainly the young savings for a mortgage deposit, with house prices that are still rising due to double digits annual figures in West Sydney, Brisbane, Perth and Adelaide.

Albanese bought a cliffftop house of $ 4.3 million in Copacabana on the NSW Central Coast, north of Sydney, and now receives $ 122,200 a year from rental income.

The Prime Minister, a smart real estate investor, made admission to QC's Q+A -Gastheer Patricia Karvelas (photo) on Monday evening

The Prime Minister, a smart real estate investor, made admission to QC's Q+A -Gastheer Patricia Karvelas (photo) on Monday evening

A month later he sold a mansion in Dulwich Hill in the Inward West of Sydney for $ 1.75 million, albeit at a discount of $ 150,000.

The Premier still owns a house in Marrickville in his electorate of Grayndler, where this Gentrified Onderwijk has a house price of the Middenmarkt of more than $ 2 million, after a modest increase of 3.1 percent in the past year.

The Albanian government and the state prime ministers have sworn to build 1.2 million 'well -located' houses during the five years until 2029.

But in the year until September, only 177,702 new homes were completed, a level far below the 240,000 annual figure needed for the goals of Labor.

The housing minister of Mr. Albanian Clare O'Neil last year indignant the youth audience of Triple J when she suggested that the government did not want to lower house prices.

“We want to bring the growth of the house price into something sustainable – so we are not trying to lower house prices,” Mrs. O'Neil told the hacking program.

“But we don't want to see part of the growth that we have seen in some parts of the country-where you get double digits in house prices year-on-year.”

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