Already a subscriber?Opposition Leader Peter Dutton has vowed to slash permanent migration by a quarter to 140,000 a year, cut refugee arrivals by a third, and ban foreign investors and temporary residents from buying established homes for two years, in an attempt to free up 100,000 properties.
The humanitarian intake, currently at 20,000, would be reduced to 13,750 and there would be a two-year ban on all foreigners buying existing housing stock.“The usual CEOs and big businesses may not like this approach,” Mr Dutton said of his migration cuts. “But my priority is restoring the dream of homeownership.
The Coalition would also extend the value of the instant asset write-off scheme for small businesses from $20,000 per eligible asset to $30,000. Mr Dutton also pledged to dip into law and order, traditionally the domain of the states, following rising community concerns about crime and domestic violence that are now showing up in federal polling.Under knife laws that would be uniform across the country, police would be given the power to stop and search using detector wands.
To help mitigate against workforce shortages caused by the migration cuts, Mr Dutton said he would announce measures to encourage more people to work more.