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Australia’s Far-Right Leader Vows to Cut Migrants by 750,000
Source: Bloomberg
Elections & Domestic PoliticsHousing & Real EstateInflationRegulation & Legislation
Australia's far-right One Nation party has proposed cutting temporary migration by about 750,000 people over three years, seeking to address voter concerns over cost-of-living pressures and housing shortages. If adopted, the proposal could materially tighten labor supply while potentially easing rental and housing-demand pressures, with implications for consumption, wages and migration-dependent industries.
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