Slashing migration would actually lead to higher house prices in Australia. Here’s why

The lower demand for housing if immigration is cut would be overwhelmed by the drop in the number of workers available to build homes, modelling shows. Photograph: davidf/Getty Images

Think closing our borders would fix the housing crisis? Think again.

Eliminating migration for the coming decade would actually leave property prices 2.3% higher by the mid-2030s than would be the case under a “base case” of migration continuing as expected, according to economic modelling by KPMG; and there are other negative economic consequences too.