Visgrow Internships’ Post

It is sad to see international students being blamed for the housing crisis by political parties ahead of the federal election, when the problem is actually much more complex. It turns out the suburbs with the most international students actually have above-average rental vacancy rates. "Universities Australia estimates that since the federal government started cracking down on overseas students last year, the economy has already taken a $4.3 billion economic hit and 14,000 jobs have been lost." "The impact of students on the housing market has been heavily contested. In May, one report found that international students made up only 4 per cent of the rental market, while another found the housing crisis would exist even if there were zero international students in the country." Both political parties need to do better and take accountability while actively working on a viable solution. Targeting something which is a significant contributor to our economy is probably not a smart idea and even if it fixed your one big problem you'd really need to think about all the other problems it's going to create as a consequence.