Australian entrepreneur Dick Smith says a record influx of new immigrants is a 'disaster for families' and young people wanting to own their own home.
The electronics chain founder, who turns 80 next week, wants Australia's net immigration slashed to 75,000 a year to ease Australia's rental and housing affordability crisis.
This would take immigration levels back to where they were in 1997, before the overseas intake doubled within a decade, only to double again after the pandemic.
'Every Australian family has a population plan to have the number of children they can give a good life to, but at the rate we are going, it means the average Australian family will have less,' Mr Smith told the Daily Telegraph.
Australia's population is estimated to double in the next 50 years, with big business interests advocating high immigration to boost the supply of labour.
Mr Smith said 'billionaire political donors' only promoted high population growth to expand their wealth.
New Australian Bureau of Statistics data released on Thursday showed Australia welcomed 125,410 permanent and long-term arrivals in January, marking the highest January on record.
Accounting for departures, the net growth in permanent and long-term arrivals for January reached 55,330, surpassing the previous highest intake in January 2009 by 40 percent.
Treasury economists are expecting Australia's overseas intake, covering skilled migrants and international students, to slow to 375,000 in 2023-24.
This would be lower than the record 518,000 intake for 2022-23 and below January's annual increase of 481,620.
But this would still be almost double the pre-pandemic level of 194,400 in 2019-20, before Australia was closed from March 2020 to December 2021.
Official data showed the majority of new arrivals are settling in NSW and then Victoria, leading to more congestion in Australia's two biggest cities.
Most migrants begin as renters, leading to more competition for accommodation in Sydney and Melbourne.
High population growth is also creating problems in other states, with Brisbane the recipient of high interstate migration, as south-east Queensland attracts residents from NSW and Victoria in search of more affordable housing and warmer weather.
Daniel Wild, the deputy executive director of the Institute of Public Affairs think tank, said high immigration was behind Australia's housing crisis.
'It is clear that the federal government's migration program is unplanned, out of control, and out of step with community expectations,' he said.
'On top of this it has failed to address Australia's worker shortage crisis, the very thing the federal government uses to justify such rapid increases in intake.
'It is clear this lazy approach to solving worker shortages is not working and there should be a greater focus of getting Australian pensioners, veterans and students into work.'
https://www.dailymail.co.uk/news/article-13199425/Dick-Smiths-urgent-warning-Australia.html
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Monday, March 18, 2024
Australian philanthropist's urgent warning to Australia as a record influx of new immigrants move Down Under
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