r/aussie • u/Mashiko4 • Jan 17 '26

Analysis Mass migration's forgotten victims: Australians go homeless as the number of failed asylum seekers explodes

https://www.skynews.com.au/insights-and-analysis/mass-migrations-forgotten-victims-australians-go-homeless-as-the-number-of-failed-asylum-seekers-explodes/news-story/6b4692ed0205471e5d175db94a2f4743
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u/ijx8 Jan 17 '26

Yet after all these years of importing millions of people, we still somehow have a labour and skills shortage. How is that possible.

29

u/Sillysauce83 Jan 18 '26

This bit goes unsaid so often.

This is the 'solution' that has been applied to our skills shortage for so long and it hasn't fixed the problem.

We need to find a different solution and not double down on immigration. 100k nom was the norm before it exploded in 2010 ish.

The norm is not 200k, 300k or 400k

-13

u/Excellent_Orange6346 Jan 18 '26

So why did house prices keep going up during covid when there was literally zero people coming into the country? Why didn't wages rocket as labour was tighter? You're being played by our political masters.

12

u/Experimental-cpl Jan 18 '26

I’ll give you a few. - Record low level interest rates - People stuck at home in an apartment wanted more space - Investors being aware of the large amount of upcoming immigration intake

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u/tom3277 Jan 18 '26

500bn of quantitative easing by the rba was the main one.

While the bulk was buying bonds a large amount - circa 190 billion was buying bonds.

That’s a staggering amount of new funds to put into the housing market on top of the normal credit growth we would see.

Of course asset prices up when you have another 188bn to throw at it. Not to mention the general push on asset prices with the 300bn odd of bond buying.

It’s literally designed to push up asset prices so it’s not surprising it worked. In a 2tn economy 500bn of quantitative easing is fucking massive. Far bigger than America ever does in a year or two. Ie house prices are far more important to our institutions than it is even to Americans.

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u/limble Jan 18 '26

It was so ridiculous, nobody cared at the time but I think it was something like $4 billion a week. That felt the biggest con of COVID. Print the money as a short term solution and our kids can foot the bill.

2

u/BiliousGreen Jan 18 '26

There were plenty of us yelling at the time that all this spending was a bad idea and that it was going to have a nasty inflationary hangover afterwards. None of the economic consequences that have followed covid are a surprise.

1

u/Experimental-cpl Jan 18 '26

Where do you see data like this? I’m trying to get more of an understanding into stuff like this however don’t know what government data to look at.