Think closing our borders would fix the housing crisis? Think again.

Eliminating migration for the coming decade would actually leave property prices 2.3% higher by the mid-2030s, according to economic modelling by KPMG; and there are other negative economic consequences too.

The temporary post-lockdown surge in net migration is now on the wane, but it appears to have left behind a heightened level of national sensitivity to the issue.

For example, a survey by JWS Research from November last year suggested 78% of Australians thought housing access and affordability was now a “national crisis”.

That’s hardly shocking.

What was perhaps more surprising was that 67% of respondents agreed with the statement that Australia should reduce its migration intake to reduce pressure on the h

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