Urban Taskforce CEO, Tom Forrest, today welcomed the call from Premier Dominic Perrottet for a significant boost to Australia’s immigration levels.
“A rapid return of immigration is critical to our post Covid-19 economic recovery. There is a massive shortage of skilled trades who are critical for construction, manufacturing and the delivery of infrastructure across Australia.
“The education sector is desperate for international students to return to our shores and shortages in retail, hospitality, and specialist professions all call for an urgent catch up on lost immigration numbers. There is a fear that shortages in these areas will drive up inflation unless immigration returns as a priority”, Mr Forrest said.
Earlier this year, Urban Taskforce published an independent report prepared by BIS Oxford Economics which highlighted the contribution of migrants to the economic position of all Australians. A copy of that research publication can be found HERE.
“The Premier’s call is at odds with some in the planning sector who have been reluctant to ensure sufficient housing supply for even the lower numbers of Net Overseas Migration seen in recent years. The Premier’s calls for a significant catch-up of migrant numbers is welcome news for the business community, but will put significant pressure on the NSW Planning system and all those within it.
“Let’s hope that the planners hear the Premier’s message loud and clear. Housing supply is critical right now – to arrest the rapid escalation of housing prices. When immigration returns, and particularly if it grows as Premier Perrottet is espousing, we need planning leadership that will make planning approvals and housing supply their number one priority, Mr Forrest said.
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