Former Labor Foreign Minister and NSW premier Bob Carr says Australia’s “breakneck” population growth is flooding major cities and putting pressure on house prices.

 

Australia’s population reached 24 million last week, following record net overseas migration in the year to July 2015.

 

Carr says Australia has a third-world style population growth rate, higher than Indonesia and the highest of any developed country. He says it’s all about supply and demand and that there’s a case for pegging immigration back 33% to even 50%.

 

Carr blames a “hugely over-ambitious” approach to migration by Canberra bureaucrats for putting pressure on the housing market, causing congestion and not being able to keep up with infrastructure improvements.