Nobody is “blaming” migrants for the housing crisis

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The supply-side nutters at the Centre for Independent Studies have produced “research” showing that “migrants aren’t to blame for the housing crisis”. Instead, the CIS argues that Australia’s housing shortage is “the result of not enough dwellings being built”:

“Population growth alone does not produce today’s housing shortage”, claimed CIS author Marian L Tupy. “The shortage appears when governments ration land use, delay approvals, cap density in high-demand areas, and then act surprised when prices rise”.

“More people do increase demand for housing. But the evidence is clear: prices rise most sharply where supply is slow, constrained or blocked”.

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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.