Malcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Link to this | Hansard source

I move:

That the Senate take note of the answer given by the Minister for Agriculture, Fisheries and Forestry and Minister for Emergency Management, Senator Watt, to a question without notice asked by Senator Roberts today relating to housing supply.

We know that the conversion of houses to Airbnbs take away beds in which Australians could be living. The Albanese government oversaw over 5.86 million tourists arrive last financial year that. That's creating a huge incentive for property owners to turn their houses into lucrative short-stay accommodation, making the housing and rental crisis worse. We have only 100,000 student accommodation beds, yet the Albanese government issued a record 687,000 student visas in one year. Analyst Tarric Brucker has used Department of Home Affairs data to show that there are 2.3 million visa holders likely to require housing in the country right now. This figure excludes tourists and short-stay visas.

In the past three years, almost every Australian in a rental has had their rent increased, often savagely—if they can find a rental. Almost three-quarters of young Australians believe they will never be able to afford a home. If this rate of people coming into the country is maintained, sadly, they will be correct. Australia's housing crisis is a direct result of the Albanese government's flood of permanent immigration, visa holders and tourists.

There are two sides of the housing equation: supply and demand. With record overseas arrivals driving record levels of demand, we will never be able to build enough supply to keep up with demand. On the supply side, barriers to building even more housing are growing. Rising interest rates are putting pressure on borrowing capacity to pay for new houses. Construction supply chains are still broken from gross federal and state COVID mismanagement. Rising material costs, combined with existing fixed price contracts, are squeezing builders, and the construction industry is facing a wave of insolvencies. The unsustainable level of overseas arrivals in our country is fuelling Australia's housing crisis. The rate of arrivals must be cut quickly.

Question agreed to.