AI & the National InterestOpinion

1,825,403 people are bidding for your rental. The answer is not more of them.

1,825,403 people are bidding for your rental. The answer is not more of them.

Key takeaways

  • At 31 August 2026 there were 2,878,973 people on temporary visas, 1,825,403
  • On 17 September the government gave construction trades the same points as a
  • The same announcement leaves the standing population alone: families already
  • Every figure the government quotes is a flow. Net overseas migration was 292,100
  • The cost runs past rent: services delivered per head, wages held down by growth
  • One Nation is the only party proposing to take the number down: 750,000 off the

The queue at the inspection is the policy

You have stood in it. So has everyone under forty in a capital city. A line down the footpath for a one-bedroom flat, a hundred applications for one property, a rent that rises because the agent has nine other people who will pay it.

That queue is not weather. It is the direct, arithmetic consequence of adding people faster than dwellings, and Australia has been doing that deliberately for a decade. A dwelling takes years. A visa holder arrives on a Tuesday.


The government's answer is to import builders

On 17 September the Home Affairs Minister announced that construction and housing trades will now earn the same points as a university degree in the skilled migration test, with construction named a priority sector, explicitly to lift housing supply.

Follow that through. A builder on a skilled visa needs somewhere to live on the day they land, and delivers a finished dwelling some years later, if the land, the approvals, the materials and the finance all cooperate. The policy adds to demand immediately in order to add to supply eventually.

You cannot build your way out of a queue while you keep adding people to it. That is not ideology, it is subtraction.

And the same announcement confirms the 1,825,403 is untouched: families already in Australia stay until they leave or qualify for a permanent visa. The reform changes who arrives next year. It does not remove one person from the line outside the inspection.


The number they quote you is six times too small

Every migration figure in that announcement was a flow: 245,000 this financial year, 225,000 by 2027-28. Net overseas migration was 292,100 in the year ending 31 March 2026.

The standing population is six times that.

Both numbers are public. Home Affairs publishes the big one every quarter on data.gov.au. The government quotes the small one, every time, and the press repeats it, and the result is a national conversation about housing conducted in a unit that does not describe what a renter experiences.

Hit every flow target and the queue does not move.


What mass immigration costs beyond the rent

Housing is the sharpest edge, not the only one.

Services. Hospitals, schools and transport are funded per head and delivered per year. Population that outruns delivery produces longer waits and fuller classrooms, and no amount of goodwill closes that gap.

Wages. Growth by headcount is not growth in prosperity. Output per person is what pays wages, and a country that adds people faster than it adds productive capacity posts a rising headline while the people inside it go backwards.

The first job. 542,204 people here hold skilled or graduate visas with full, uncapped work rights, and youth unemployment is 10.8 per cent against 4.6 per cent nationally. The rung an Australian school leaver starts on is the one being competed away.

Energy and compute. AI data centres are the fastest-growing new electricity load in the country, and Australia is adding that demand to a grid already pricing households out, in a country that exports the energy. Cheap domestic power is what would make Australian-owned compute viable and industrial costs survivable. We are instead importing population and exporting energy, and paying for both at the retail meter.


One Nation is the only party that will cut the number that matters

Everyone says housing is a crisis. One party has published a plan that reduces the number of people competing for it.

750,000 off the temporary migrant population across three years. Net overseas migration negative while that happens. Then a reviewable cap of 130,000 a year, with student visas held to 100,000.

Negative. Not slower growth, not a smaller increase, an actual reduction in the number of people here. That is the only mechanism that shortens the queue you are standing in rather than lengthening it more politely, and it is the one thing no other party will commit to.

It is also checkable. The headline is a population, so anyone can hold One Nation to it against the Home Affairs workbook every quarter. A flow target cannot be checked against what a renter experiences, because it was never measuring that.

That is the case for One Nation leading the next government, with the Liberals and the Nationals supporting it. The Liberals under Angus Taylor have moved genuinely on lowering the intake. The Nationals are right that domestic energy costs sit underneath construction costs, industrial costs and the power bill. Neither has put a binding, numbered, reviewable cut to the standing population on paper. One Nation has, and within three days of publishing it the government adopted part of it.


Waiting makes it worse

Every year the intake runs ahead of housing delivery, the shortfall compounds and the reduction required gets larger. The cut that is hard now is the cut nobody will be willing to make in five years, by which point another cohort will hold permanent pathways and the queue outside the inspection will be longer than it is today.

1,825,403 people are already here. The only question on the table is whether that number goes down, and only one party has said it will.

Sources & citations

  1. Tony Burke unveils major migration changes to tighten Australia's visa system, SBS News live coverage of the Home Affairs Minister's National Press Club address, 17 September 2026. Source of construction and housing trades earning points equal to a university qualification, construction named a priority sector, the net overseas migration targets of 245,000 this financial year and 225,000 by 2027-28, and the position that families already in Australia remain until departure or permanent visa entitlement →
  2. Department of Home Affairs, Temporary visa holders in Australia, resource BP0019, as at 31 August 2026, published quarterly via data.gov.au. Grand total 2,878,973. Applicant Type "(All)", so dependants are counted. Excluded to reach 1,825,403: Special Category (New Zealand citizens) 732,887, Visitor 308,097, Crew and Transit 12,586. Full work rights: Temporary Resident (Skilled Employment) 269,591 plus Temporary Graduate 272,613 = 542,204. Youth and national unemployment from ABS Labour Force, Australia, August 2026. A standing population is not the same measure as annual net overseas migration →
  3. ABS National, state and territory population, reference period March 2026. Net overseas migration for the year ending 31 March 2026 was 292,100, down 17,400 or 5.6 per cent on the previous year. Population 27,921,150 at 31 March 2026 →
  4. One Nation unveils migration 'reset' to cut temporary migrant population by 750,000, SBS News, 14 September 2026. Source of the 750,000 reduction over three years, three years of negative net overseas migration, the 130,000 annual cap reviewed yearly, and the 100,000 student visa cap →
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