How can the Grattan Institute still support high immigration?

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Grattan Institute CEO, Aruna Sathanapally, told ABC’s Q&A that Australia’s failure to build enough housing was “at the heart of our economic problems”:

“We can see that the wealth of higher-income Australians or higher-wealth Australians has turbocharged, particularly due to housing prices. It’s property prices that’s led to that increase in wealth. And we haven’t seen that in terms of lower-income Australians”.

“And really, that housing system problem is at the heart of, like, the housing theory of everything. It’s the heart of everything, right?”

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.