Australia plans to cut immigration to ease housing strain
The Australian authorities announced their intention to tighten immigration measures aimed at reducing the numbers, especially for students and work and tourism visa holders who may use them for permanent residence. This move comes amidst a decline in the gap between incoming and outgoing residents, which reached 292,000 by March 2023, and the government's effort to enable the housing sector to better meet demand. Additional restrictions will be imposed on student programs, and a lottery system will be applied to work and holiday visas in rural areas, with a preference for skilled migrants in the construction and housing sectors. It is noteworthy that one-third of the country's population, totaling 27.6 million people, was born outside Australia, amidst criticism from business groups who believe these measures could harm the economy.
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