Advertisement
Why, in a matter of only six months, has Alan Kohler performed a complete 180-degree flip on the housing market and the impact of historically high net overseas migration?
Let me explain.
In November 2025, Alan Kohler presented an excellent explainer video for the ABC, arguing that the surge in net overseas migration from the mid-2000s, driven in part by international students, is a key reason behind the nation’s housing shortage.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.