The record-breaking level of migration has triggered a public debate around its impact on Australia’s inflation problem and rental crisis. More than half a million migrants are expected to come into the country in 2023.
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Economists warn a temporary pull back might be necessary to relieve rental stress. Rents remain one of the biggest contributors to inflation, rising by 6.6 per cent in the year to October. In the same period, inflation came in lower than expected at 4.9 per cent.
Read more here: https://www.abc.net.au/news/2023-11-29/is-the-record-level-of-migration-fuelling-rent-inflation/103161194
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