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Labor Set to Announce Sweeping Migration Changes
Labor will detail cuts to net overseas migration and visa changes after weeks of delay, with the plan aimed at easing pressure from employers and housing concerns.
On Thursday, Home Affairs Minister Tony Burke addresses the National Press Club to detail Labor's plan to reduce net overseas migration from about 300,000 in 2025 to 245,000 by 2026/27.
Internal cabinet disagreements delayed the speech, which was originally scheduled for last month, marking a significant step for The Albanese government after weeks of speculation regarding the extent of changes.
Housing Industry Association managing director Jocelyn Martin warned on Wednesday that skilled migration slowdowns have hampered construction firms, stating, "What we're after is a transparent system that can be relied on."
One Nation's Monday plan proposes temporary negative intake, while Opposition defence spokesman James Paterson remains "deeply sceptical about Labor's ability to deliver" regarding the government's announcement.
The Coalition is crafting a separate policy to tie migration to new housing construction, which is currently tracking around 173,000 per year, contrasting with Labor's approach to population management.