Economist Calls for Capping Migration to Ease Australia's 'Stunning' Housing Crisis
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Leading economist Chris Richardson calls for capping some migration to address Australia's housing crisis, which he calls a "stunning national fail" over decades.
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Richardson blames local councils for being unwilling to approve more housing development. Says temporary limits on foreign students may help.
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Assistant Treasurer Jones agrees to look at student caps, says government wants to improve renters' rights and build 1.5 million homes.
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Independent MP Monique Ryan calls for delaying stage 3 tax cuts to avoid putting more money into the economy and further fueling inflation.
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Richardson agrees tax cuts may prolong high inflation and interest rates, suggests delaying cuts by 12 months.