As has been detailed by Leith van Onselen, in numerous articles at Macrobusiness.com.au., Australia has its worst accommodation crisis in its history, due to the mass immigration program of the Albo government. According to the September quarter immigration data from the Australian Bureau of Statistics (ABS). Australia's population increased by 660,000 people in the year to September 2023, due to a record-high net overseas migration of 549,000. Net overseas migration as a share of Australia's population was 83 percent for the September quarter of 2023. The natural population increase was a historically low 111,000 people.
As I see it, if this continues, and the migrant intake is now almost all non-white, Australia will have a non-white majority population perhaps even before the United States and Britain. Not next week, but it won't be long. Australia's contribution to the Great Replacement is to defect from the West, faster than anyone else. Communist China must be laughing at this grand act of national suicide. Meanwhile, here is no discussion of this vital issue as traditional Australia goes silently into the night of history.
https://www.macrobusiness.com.au/2024/03/this-is-why-australia-has-a-rental-crisis/
"If you are wondering why Australia is suffering its worst rental crisis in living memory, look no further than today's official September quarter immigration data from the Australian Bureau of Statistics (ABS).
Australia's population surged by 660,000 people in the year to September 2023, driven by a record-high net overseas migration of 549,000.
145,200 net overseas migrants landed in Australia in the September quarter of 2023, the second highest quarterly figure on record behind March 2023.
Net overseas migration as a share of Australia's month remained at a record high of 83% in the September quarter of 2023.
Meanwhile, natural population increase was a historically low 111,000 in the year to September, courtesy of a jump in deaths, most likely related to the baby boomers dying off and the impacts of the pandemic.
Finally, the next chart shows the explosion in net overseas migration on a historical basis dating back to Federation in 1901:
Notice how residential rents fell at the beginning of the pandemic when net overseas migration was negative, only to explode when net overseas migration surged?
The Albanese government's extreme immigration program is why Australia has experienced such a severe shortage of accommodation and a rental crisis.
Anyone who denies this fact is a liar."
https://www.macrobusiness.com.au/2024/03/rental-market-swamped-by-766000-migrant-arrivals/
I reported yesterday that Australia's net overseas migration hit an all-time high 549,000 in the year to September, comprising a record high 83% of Australia's population growth.
Even in growth rate terms, Australia's population growth rate of 2.5% was the fastest since 1952.
Alex Joiner, chief economist at IFM Investors, published terrific charts on Twitter (X) providing more insights into the data.
In the year to September 2023, an astonishing 765,900 migrants arrived in Australia, offset by 217,200 departures:
Australia's 2.5% population growth completely dwarfs the circa 0.5% growth across advanced nations.
Migration records are being smashed across Australia's major states.
And the record population growth has completely overrun housing supply, driving rents into the stratosphere:
It is an unmitigated disaster for Australian renters.
The only saving grace is that Canada shows that it could always be worse:
As bad as the situation is in Australia, Canada says, "hold my beer."
But, who can afford even a beer, now?