High IMMIGRATION is changing the AUSSIE way of life … rapidly …

WHY does the frequent failure of the HOUSING INDUSTRY to keep up with the FOREIGN DEMAND for NEW HOMES add to the price of HOUSING?

2.2 MILLION Visa Holders in Australia at any point in time … many seeking our housing and a Permanent Resident Visa

real estate gatekeepers exempt from Anti-Money Laundering Laws (October 2018)

WAS this the Big Boys Ponzi Plan all along?


-“Well, since I am not a modest person I say I had the biggest hand in it because I devoted myself to Sydney. I did a little bit in Queensland, but absolutely I am Sydney!”

(One Plus One with Jane Hutcheon when she enquired if HT had a hand in the way the Sydney landscape has changed?)

“I will bring in more migrants”

(AFR in response to the oversupply of apartments)

-“The problem with Australians is they are very slow. They ask their lawyer, they ask their financial adviser, they ask their family, they ask everybody. The Chinese don’t ask anybody, they come off the plane, buy their unit and go.”

(July 2017 AFR)

View: https://www.macrobusiness.com.au/2018/01/another-money-laundering-scandal-engulfs-australian-property/

High immigration is changing the Aussie way of life

Ross Gittins
Ross Gittins

Economics Editor

November 27, 2019

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The nation’s economic elitepoliticians of all colours, businesspeople and economists – long ago decided we need to grow our population as fast as we can.

To them, their reasons for believing this are so blindingly obvious they don’t need to be discussed.

Unfortunately, however, it’s doubtful most ordinary Australians agree.

A survey last year by researchers at the Australian National University found that more than 69 per cent of respondents felt we didn’t need more people, well up on a similar poll in 2010.

An artist's impression of Parramatta in coming years.
An artist’s impression of Parramatta in coming years.

This may explain why Scott Morrison announced before this year’s election a big cut in our permanent migrant intakewhile failing to mention that our booming temporary migrant intake wouldn’t be constrained.

CAAN: At any point in time there are 2.2 MILLION TEMP. VISA HOLDERS IN AUSTRALIA …. Many seeking PERMANENT RESIDENCY!

He also foreshadowed measures to encourage more migrants to settle in regional cities.

What he didn’t say is what he’d be doing differently this time, given the many times such efforts had failed in the past.

*In between scandalising over the invading hordes of boat people, John Howard greatly increased the immigration intake after the turn of the century, and this has been continued by the later Labor and Coalition governments.

*“Net overseas migration” accounts for about 60 per cent of our population growth.

Illustration: Simon Letch
Illustration: Simon LetchCREDIT:



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In 2000, the Australian Bureau of Statistics projected that our population wouldn’t reach 25.4 million until 2051. We got there this year. Our population is growing much faster than other developed countries’ are.

The growth in our economy has been so weak over the past year that they’ve had to stop saying it, but for years our politicians boasted about how much faster our economy was growing than the other economies.

*What they invariably failed to mention was that most of our faster growth was explained by our faster-growing population, not our increasing prosperity.

Over the year to June, for instance, real gross domestic product grew by (a pathetic) 1.4 per cent, whereas GDP per person actually fell by 0.2 per cent.

*That’s telling us that, despite the growth in the economy, on average our material standard of living is stagnant.

*All that immigration isn’t making the rest of us any better off in monetary terms.

Illustration: Andrew Dyson
Illustration: Andrew DysonCREDIT:

Of course, that’s just a crude average. You can be sure some people are better off as a result of all the migration. Our business people have always demanded high migration because of their confidence that a bigger market allows them to make bigger profits.

CAAN: The Rich Listers …

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Economists, on the other hand, are supposed to believe in economic growth because it makes all of us better off. They’re not supposed to believe in growth for its own sake.

This week one of the few interest groups devoted to opposing high migration, Sustainable Population Australia, issued a discussion paper that’s worth discussing. It reminds us that many of the problems we complain about are symptoms of migration.


As interest rates get closer to zero, it's becoming clearer that very cheap debt doesn't necessarily cheer us up. Illustration: Dionne Gain

Rate cuts getting less bang for their buck

The biggest issue is infrastructure. We need additional public infrastructure – and private business equipment and structures, and *housing – to accommodate the needs of every extra person (locally born as well as immigrant) if average living standards aren’t to fall.

*Taking just public infrastructurecovering roads, public transport, hospitals, schools, electricity, water and sewage, policing, law and justice, parks and open space and much more – the discussion paper estimates that every extra person requires well over $100,000 of infrastructure spending.

When governments fail to keep up with this need – as they have been, despite a surge in spending lately – congestion on roads and public transport is just the most obvious disruption we suffer.

*The International Monetary Fund’s latest report on our economy says we have “a notable infrastructure gap compared to other advanced economies”.

Spending is “not keeping up with population and economic growth”. We have a forecast annual gap averaging about 0.35 per cent of GDP for basic infrastructure (roads, rail, water, ports) plus a smaller gap for social infrastructure (schools, hospitals, prisons).

*One factor increasing the cost of infrastructure is that about two-thirds of migrants settle in the already crowded cities of Sydney and Melbourne – each of whose populations is projected to reach 10 million in the next 50 years, with Melbourne overtaking Sydney.

The proposed West Gate Tunnel crossing of the Maribyrnong River.
The proposed West Gate Tunnel crossing of the Maribyrnong River. CREDIT:WESTERN DISTRIBUTOR AUTHORITY

*According to a Productivity Commission report, “growing populations will place pressure on already strained transport systems. Yet available choices for new investments are constrained by the increasingly limited availability of unutilised land”.

*New developments such as Sydney’s WestConnex have required land reclamation, costly compensation arrangements, or otherwise more expensive alternatives such as tunnels. It’s reported to cost $515 million a kilometre, with Melbourne’s West Gate Tunnel costing $1.34 billion a kilometre.

*Who pays for all this? We do – one way or another. “Funding will inevitably be borne by the Australian community either through user-pays fees or general taxation,” the commission says.

Combine our growing population with lower rainfall and increased evaporation from climate change and water will become a perennial problem and an ever-rising expense to householders and farmers alike.

The housing industry’s frequent failure to keep up with the demand for new homes adds to the price of housing. And the only way we’ll double the populations of Melbourne and Sydney is by moving to a lot more high-rise living.

High immigration is changing the Aussie way of life. Before long, only the rich will be able to afford a detached house with a backyard.

Image result for Harry Triguboff

Property Observer: Meriton’s Harry Triguboff: Vaucluse Mansion

Ross Gittins is the Herald’s economics editor.

Ross Gittins

Ross Gittins is the Economics Editor of The Sydney Morning Herald.

Illustration: Andrew Dyson

SOURCE: https://www.smh.com.au/business/the-economy/high-immigration-is-changing-the-aussie-way-of-life-20191126-p53e5e.html