Financial guru Alan Kohler has said excess immigration is to blame for Australia’s housing crisis and is being fueled by the influx of international students. Kohler, the ABC’s financial expert, said it was not the permanent migration of workers that was primarily responsible for the increase in demand – and …
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BlueScope Steel warns ‘high volume of steel’ is leaving China and flooding Australian and overseas markets
A prolonged downturn in China’s housing market will have significant effects on the finances of the Australian government and the local steel industry, economists have warned. The Asian superpower’s real estate sector has been seen as a pillar of economic growth until 2020, when China instituted some of the world’s …