International students make up about 5% of the total rental housing demand but their impact tends to be felt most in capital cities where the universities are.
Removing them won't improve things as much as you might think.
The housing crisis is a supply and demand problem so they've got to increase housing supply.
The problem there is these is a shortage of construction workers. So the workforce simply isn't there to build more houses. Current construction workforce is 110% maxxed out.
I reckon they should be handing out visas to qualified construction workers left and right to solve that problem, then get the homes built. Dubai and Singapore do this and have no such shortage of construction workers. I can't see why we can't do the same.
Removing international students will also have big flow on negative effects for the rest of the economy.
Removing them won't improve things as much as you might think.
The housing crisis is a supply and demand problem so they've got to increase housing supply.
The problem there is these is a shortage of construction workers. So the workforce simply isn't there to build more houses. Current construction workforce is 110% maxxed out.
I reckon they should be handing out visas to qualified construction workers left and right to solve that problem, then get the homes built. Dubai and Singapore do this and have no such shortage of construction workers. I can't see why we can't do the same.
Removing international students will also have big flow on negative effects for the rest of the economy.