Shadow treasurer says Coalition would cut net migration by a quarter during first term

The Coalition has unveiled a plan to cut total migration by 25 per cent during the first term of a Coalition government.

The opposition leader in a radio interview the next day said the government would also "bring back the net overseas migration to a figure of about 160,000", substantially fewer than the 260,000 forecast for next financial year. "We think we can achieve net migration in Australia which is consistent with a level of housing supply that is realistic."Mr Taylor said reducing net overseas migration, along with temporarily banning foreign investors and temporary residents from buying existing homes, and reducing foreign student numbers in metropolitan universities, would "free up well over 100,000 additional dwellings over the next five years".

"He couldn't explain the migration numbers. This was the most shambolic appearance by a senior politician at the National Press Club in memory."

Net Overseas Migration Housing Visas

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