• Net permanent and long-term arrivals in the 12 months to August 2024 was also the highest on record, at 452,670 net arrivals. [...] • Housing approvals for the month of August, at 13,991, was 6 per cent lower than the previous month’s – and amount to only 59 per cent the number of net permanent and long-term arrivals for the corresponding period (at 23,780 arrivals in August 2024). [...] Monthly dwelling approvals and net permanent and long-term arrivals trend (Source: ABS, IPA) 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 -5,000 Dwelling Approvals Net Arrivals Trend “The number of new dwelling approvals remains drastically lower than the number of new arrivals alone, meaning the great Australian dream of owning a home is being denied to the next generation of A. [...] “The federal government’s strategy of relying on population growth to maintain any semblance of economic growth on paper, at the cost of productivity growth, is unsustainable and detrimental to the wellbeing of Australian families,” said Mr Wild. [...] Yet, it is clear the federal government has no intention of reining in Australia’s unsustainable migration intake.” “Australia is a welcoming country, and migration has played a critical role in our nation’s history, but it must be planned for, have the consent of the community, and be targeted toward economic need.
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