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Coalition promises to drastically cut net overseas migration
The Coalition has promised to drop net overseas migration to under 180,000 a year over the forward estimates, including by cutting family and international student visas, as part of a push to open up more housing supply.
A NOM reduction on this scale is manageable and in line with reductions we have managed in recent history – for example in 2009-2010 when the NOM declined from 300,000 to 175,000 in around 18 months.
This will be achieved through a higher share of skilled migrant workers linked to jobs that meet Australian industry needs. This includes more reductions in other streams like family, international students and other temporary migrants.
