Slashing migration would actually lead to higher house prices in Australia. Here’s why

Economic modelling reveals the effects of eliminating migration for a decade on growth, the workforce and the budget

• Get our breaking news email, free app or daily news podcast

Think closing our borders would fix the housing crisis? Think again.

Eliminating migration for the coming decade would actually leave property prices 2.3% higher by the mid-2030s, according to economic modelling by KPMG; and there are other negative economic consequences too.