Australia has been a great immigration success story in terms of the migrants who have helped make our country more diverse and stronger over the years.
We have been welcoming over 150,000 new migrants every year. However, we are seeing a big hit to migration and population numbers as a result of the border closures due to the COVID-19 pandemic. Unfortunately, the border is predicted to stay closed till mid - 2022 assuming a successful vaccine rollout in line with the government's plans. By the time migration picks up to "reasonable levels" next year, there will be 600,000 fewer people in the nation than if there hadn't been a pandemic.
This drastic decline in population is going to have serious consequences in terms of productivity and workforce participation benefits. Pretty much every business sells - directly or indirectly - to the population. We are not just going to face a shortage of workers and taxpayers, but also consumers who buy the goods, services, and real estate.
A report by the federal government’s National Housing Finance and Investment Corporation (NHFIC) predicted new housing supply would exceed new demand by about 127,000 dwellings in 2021, and 68,000 dwellings in 2022, with Sydney and Melbourne to have the largest excess supply of housing stock.
On the other hand, we have about 100,000 international students who are on Graduate Temporary Visa with full working rights, most of whom are already working and paying taxes and they desperately want to get permanent residency. Why not keep them in Australia to compensate for the lost skilled migrants who were supposed to join us from the offshore.
Our guests are: Sachin Shrestha and Rhea Gurung
Негізгі бет TRSS E6 Keep hardworking international students in Australia
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