In a bid to address the skyrocketing housing prices in Australia, both major political parties have pledged to implement significant cuts on the number of foreigners allowed to study in the country. The move comes as policymakers grapple with the pressing issue of housing affordability, which has reached crisis levels in major cities like Sydney and Melbourne.
According to recent data, Australia has seen a surge in foreign students entering the country in recent years, with many opting to stay on after completing their studies. This influx of international students has been cited as a contributing factor to the housing affordability crisis, as demand for rental properties and homes has outstripped supply.
The Labor Party has proposed a cap on the number of foreign students allowed to study in Australia, with leader Anthony Albanese stating that the current system is unsustainable and is putting pressure on the housing market. The party has also called for tighter regulations on temporary visa holders purchasing property in Australia, in an effort to ease the strain on the housing market.
Similarly, the Liberal Party has also pledged to reduce the number of foreign students entering the country, with Prime Minister Scott Morrison stating that the government is committed to ensuring that Australians have access to affordable housing. The party has proposed measures to prioritize housing affordability for Australian citizens and permanent residents, signaling a shift in policy towards a more protectionist stance on immigration.
The issue of housing affordability has been a key concern for many Australians, particularly young people looking to enter the property market. Skyrocketing prices have made it increasingly difficult for first-time buyers to afford a home, leading to calls for action from policymakers to address the root causes of the crisis.
According to housing experts, the influx of foreign students has contributed to the housing affordability crisis by increasing demand for rental properties and putting upward pressure on prices. With more international students choosing to stay in Australia after completing their studies, competition for housing has intensified, particularly in major cities where rental vacancy rates are already low.
While the proposed cuts on foreign students may help alleviate some of the pressure on the housing market, critics have raised concerns about the potential impact on the education sector. Australia’s universities rely heavily on revenue from international students, and any significant reduction in their numbers could have far-reaching consequences for the sector.
Despite these concerns, both major political parties are standing firm on their commitment to address the housing affordability crisis through measures to reduce the number of foreign students in Australia. With the issue of housing affordability set to be a key battleground in the upcoming election, voters will be looking to see which party offers the most effective solutions to tackle this pressing issue.
In conclusion, the pledge by both major political parties to cut the number of foreigners allowed to study in Australia as a means to rein in housing prices reflects a growing recognition of the impact of international students on the housing market. As policymakers grapple with the challenge of making housing more affordable for Australians, the proposed measures signal a shift towards a more protectionist approach to immigration and a renewed focus on prioritizing the needs of local residents.