Australia to Cut Record High Migration as Housing Crisis Bites

New strategy to bring in skilled workers and control migration
Government says intake will return to pre-pandemic levels

WATCH: Here’s how the housing market’s “vicious spiral” is dragging Australia into a deeper crisis. Bloomberg’s Kurumi Mori reports.Source: Bloomberg

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By Ben Westcott

December 10, 2023 at 11:30 AM UTC

This article is for subscribers only.

Australia plans to bring record-high levels of migration under control by cracking down on student visas and unskilled migration, as the country struggles with a growing housing crisis which has pushed rents to their highest levels in more than a decade.

Home Affairs Minister Clare O’Neil will release the center-left Labor government’s long-awaited Migration Strategy on Monday, aiming to return Australia’s migrant intake back to near pre-pandemic levels by June 2025 at the latest.