Commonwealth Bank boss Matt Comyn wants Australia’s net migration to be tens of thousands of people a year lower than the government is forecasting to help improve housing affordability as the Coalition spoils for a fight over the issue.
Speaking at a committee hearing at Parliament House on Tuesday morning, the boss of the nation’s biggest bank said having a predictable level of migration would help housing supply and infrastructure keep up with demand.
“Perhaps that number is something in the order of 180,000 per annum,” said Comyn, stressing it was a personal view. “It gives both the Commonwealth and states the ability to plan for critical infrastructure, including housing.”
The government is forecasting net overseas migration to fall to 260,000 this financial year, then to 225,000 i

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