Housing industry warns against migration cuts

 

PHOTO: Strong skilled migration helped population growth leading to a boom in residential building

The housing industry’s peak body has warned against dramatic cuts to migration levels, predicting it would cause economic shockwaves and impact state coffers.

Housing Industry Association principal economist Tim Reardon warned against “whip-lash changes to migration strategies for fear of adversely impacting employment, wealth creation and revenue necessary to supply infrastructure and services”.

He said cuts to migration would weaken the economy.

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