Opposition leader promised in speech on Thursday to restrict property investment by non-residents
The treasurer, Jim Chalmers, has criticised the opposition leader Peter Dutton’s budget reply speech as “unhinged” and lacking in economic credibility, as he set out around Australia to explain the government’s own economic plan.
The opposition leader was asked on Nine’s Today show on Friday about the impact of foreign buyers on the housing market after he proposed the ban as a key measure to ease pressure on the market. Earlier program presenter Karl Stefanovic asked Dutton how he felt about the government labelling him “Darth Vader” for his doom-and-gloom tone. In Thursday night’s budget reply, he had promised to cut migration by 25%, to 140,000 migrants a year, and further cut the number of overseas students.
Shorten then provided the number of 5,000 over two years – a number that the education minister, Jason Clare, had also furnished when responding to Dutton’s speech immediately after it was delivered.Our Australian afternoon update breaks down the key stories of the day, telling you what’s happening and why it mattersAfter his speech, Dutton also appeared to be unclear about how many foreign students were renting homes in Australia. The ABC 7.
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