the Prime Minister and Jim Chalmers prepare to overhaul capital gains tax concessions and negative gearing<\/a> as part of Labor\u2019s intergenerational equity budget, Mr Taylor accused the government of \u201cdividing the country on immigration and housing\u201d.<\/p>\nNew Coalition analysis shows that, under Labor, the number of new arrivals compared with new dwellings constructed has more than doubled to 2.4 migrants per new home, up from 1.1 migrants per new home prior to the pandemic.<\/p>\n
The Australian Bureau of Statistics data reveals the higher number of migrants arriving per new home has been driven by 15 per cent fewer houses being built each year on average and 85 per cent more migrants arriving since 2022. Current figures show dwelling completions are down 14 per cent, while migration was up 39 per cent.<\/p>\n
With net migration reaching 311,000 in the past year and building completions falling to 173,000, the Opposition Leader said \u201chousing and immigration are out of whack \u2026 a sustainable NOM (net overseas migration) has to be in line with housing completions\u201d.<\/p>\n
The Australian has confirmed that while the Coalition\u2019s NOM policy won\u2019t be finalised until closer to the next election, the target may need to be dramatically lower initially to close the housing supply gap.<\/p>\n
Mr Taylor, who last month released the first stage of the Coalition\u2019s revamped immigration policy dubbed the Australian Values Migration Plan, said Mr Albanese and Dr Chalmers \u201cwill say that older Australians are ripping younger Australians off in the housing market \u2026 we will say, no, the government\u2019s just got its immigration policy wrong\u201d.<\/p>\n
The Coalition analysis claims that since the Albanese government was elected, population has increased by 1.8 million (1.4 million due to net migration) compared with enough dwellings to house 1.4 million people being built. The analysis identifies a 400,000-person housing shortfall since the Coalition left office.<\/p>\n
\u201cIf this (NOM) gets out of whack with what you can accommodate with housing completions, then you just get a mismatch in the market, and younger Australians are going to pay for that,\u201d Mr Taylor told The Australian.<\/p>\n
\u201cWe\u2019ll lock in on specific (NOM) numbers when we know more about what unfolds over the next 18 months or so. But the principle is: you cannot bring people to this country if you don\u2019t have the houses for them, it\u2019s that simple.\u201d<\/p>\n
Senior Coalition figures are confident the new immigration blueprint, which incorporates tougher values tests, closer links between net overseas migration and housing, an overhaul of the nation\u2019s skills priorities, and stricter targets, will move on from Peter Dutton\u2019s failed policy.<\/p>\n
As the Coalition faces pressure from Pauline Hanson\u2019s One Nation on immigration policy, Mr Taylor said that rather than offering a magic number, political parties have to \u201cstart further back\u201d on immigration.<\/p>\n
\u201cYou\u2019ve got to say, we\u2019ve seen population growth, and most net overseas migration which is the vast majority of the population growth, that has grown way faster than our housing supply can absorb,\u201d he said.<\/p>\n
\u201cAnd once you realise that, you say you\u2019ve got to get it into balance, you\u2019ve got to deal with those past failures \u2026 but we\u2019ll be guided, in our view on the NOM, by what housing is available, and we will cap it at the available housing.<\/p>\n
\u201cThat means young Australians won\u2019t have to unfairly compete for houses in a market where there\u2019s too much demand for the houses available. Young Australians are going to auctions and they\u2019re just getting out-competed.\u201d<\/p>\n
Housing Minister Clare O\u2019Neil last week acknowledged a government report showing Labor\u2019s commitment to build 1.2 million new, well-located homes by mid-2029 was on track to fall more than 200,000 homes short.<\/p>\n
Mr Taylor rejected capital gains tax and negative gearing overhauls because they would not fix critical housing supply shortages, and accused the Albanese government of \u201cblaming Australians\u201d for its own failures.<\/p>\n
\u201cHow do you solve this problem by increasing taxes? When you increase taxes on something, you get less of it, and we need more houses, not less,\u201d he said. \u201cOnly Jim Chalmers thinks that taxing something will mean you get more of it.<\/p>\n
\u201cTheir solution \u2026 is to pit Australian against Australian. Older Australians against younger Australians. They are dividing the country. They tried to divide the country on the voice (referendum). Now they going to try to divide the country on immigration and housing.<\/p>\n
\u201cIt\u2019s the politics of division rather the politics of raising Australians up.\u201d<\/p>\n
Mr Taylor said he was hearing from building material suppliers that work was \u201cway down\u201d, as Master Builders Australia this week revealed the cost of building a new home \u201cis now 48.6 per cent more expensive than it was right before the pandemic\u201d.<\/p>\n
After copping criticism from Labor for declaring those who migrate from liberal democracies have a \u201cgreater likelihood of subscribing to Australian values compared to those migrating from places ruled by fundamentalists, extremists and dictators\u201d, Mr Taylor said it was factual that \u201cthere are bad regimes in the world\u201d.<\/p>\n
\u201cI think there are risks for people who come from countries with bad regimes that we have to be aware of, and our intelligence agencies have to take into account,\u201d he said.<\/p>\n
\u201cLabor has failed on their immigration policy. They\u2019ve failed the values test. They\u2019ve failed on the numbers.<\/p>\n
\u201cIf Paul Keating wants to have a crack at me for saying that we should discriminate based on values, not race or religion, I say bring it on, because I think Australians agree with me that we are right to discriminate on whether someone is prepared to adopt our values.\u201d<\/p>\n
Mr Taylor \u2013 who described Mr Albanese as \u201cincompetent, a fraud and a liar\u201d \u2013 said the government was slicing the pie because it \u201ccannot make the pie grow any more\u201d, and was \u201ctaking from one group and giving to another to divide Australians\u201d.<\/p>\n
\u201cThat\u2019s all they\u2019ve got left,\u201d he said. \u201cIt\u2019s abject failure, and what we need is an economy where people can get ahead, where we\u2019ve got rising real incomes, rising real wages, which hasn\u2019t been true under Labor, and a housing market that\u2019s in balance.\u201d<\/p>\n
While not committing to repealing all of Labor\u2019s taxes until after seeing Tuesday\u2019s budget, Mr Taylor said he would prepare tax policies based on a \u201creward-for-effort economy\u201d.<\/p>\n
\u201cWhen young Australians look at Australia now, they\u2019re giving up hope. They\u2019re giving up hope that if you work hard, you can get ahead, buy a home, start a family, start a business, and that\u2019s got to change,\u201d he said.<\/p>\n
\u201cPart of that is tax, part of that is housing, part of that is immigration, part of that is energy. And all of those things have got to be fixed. Labor\u2019s policy right now is to let inflation drive up taxes every year. That\u2019s what they are doing. And that is funding their budget.<\/p>\n
\u201cRecord levels of spending, record levels of taxation. The only thing that\u2019s not a record, because it\u2019s been going backwards, is our standard of living, our real wages, productivity, and our GDP per person.\u201d<\/p>\n
Mr Taylor, who questioned whether the government would deliver on its promise to drive efficiencies in the Australian Public Service, said the Coalition would bank savings by getting rid of Labor\u2019s \u201cgreen hydrogen initiatives, because they failed \u2026 We\u2019re going see off the manufacturing programs that are sending manufacturing offshore. We\u2019re going to see off their power lines to nowhere\u201d.<\/p>\n
\u201cThese are initiatives that are not working. They\u2019re failing Australians,\u201d he said. \u201cThey\u2019re driving up the cost of energy and the cost of everything else.<\/p>\n
\u201cWe\u2019ll agree with Labor on some things and disagree with others. When I first came into this job, one of the first things I did is write to Albanese, and I said, \u2018we will work with you on a bipartisan basis to deliver saves\u2019. We\u2019ll work with them again on the NDIS to make sure that it\u2019s sustainable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Coalition will cap net overseas migration in line with new home completions under a tougher immigration policy…\n","protected":false},"author":2,"featured_media":7098,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[468,8453,483,22,23,133,424,8439,21,8460,8447,8451,8437,4032,8450,8435,8463,8469,8436,4541,6690,8456,8459,8464,8445,8454,8461,4010,8471,8446,260,8467,3977,8455,8465,8468,120,8470,4031,8440,8457,1926,4245,2514,376,8449,8442,8462,8441,8452,8448,8472,8458,8444,8466,8443,68,8438],"class_list":{"0":"post-7097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"tag-angus-taylor","9":"tag-angus-taylor-and-coalition","10":"tag-anthony-albanese","11":"tag-au","12":"tag-australia","13":"tag-australia-and-new-zealand","14":"tag-australian-bureau-of-statistics","15":"tag-australian-public-service","16":"tag-austrlia","17":"tag-clare-oneil","18":"tag-copping-criticism","19":"tag-deputy-leader-jane","20":"tag-dwelling-completions","21":"tag-federal-opposition-leader","22":"tag-federal-party-leader","23":"tag-green-hydrogen-initiatives","24":"tag-greg-brown","25":"tag-home-completions","26":"tag-housing-completions","27":"tag-housing-market","28":"tag-housing-supply","29":"tag-housing-supply-shortages","30":"tag-immigration-blueprint","31":"tag-immigration-policy","32":"tag-intelligence-agencies","33":"tag-intergenerational-equity-budget","34":"tag-jane-hume","35":"tag-leader-angus-taylor","36":"tag-manufacturing-programs","37":"tag-means-young","38":"tag-melbourne","39":"tag-migration-play","40":"tag-negative-gearing","41":"tag-negative-gearing-overhauls","42":"tag-net-migration","43":"tag-net-overseas-migration","44":"tag-oceania","45":"tag-only-jim-chalmers","46":"tag-opposition-leader-angus","47":"tag-overseas-migration","48":"tag-paul-keating","49":"tag-pauline-hanson","50":"tag-peter-dutton","51":"tag-population-growth","52":"tag-press-conference","53":"tag-real-wages","54":"tag-record-levels","55":"tag-revamped-immigration-policy","56":"tag-richard-colbeck","57":"tag-rising-real-incomes","58":"tag-skills-priorities","59":"tag-tasmanian-senator","60":"tag-tax-concessions","61":"tag-tax-policies","62":"tag-tie-migration","63":"tag-values-tests","64":"tag-victoria","65":"tag-wendy-askew"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/7097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=7097"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/7097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/7098"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=7097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=7097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=7097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}