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flag Commonwealth Bank CEO urges lower migration to ease housing costs and shortages.

flag Commonwealth Bank CEO Matt Comyn has urged a reduction in Australia’s migration levels, citing rising housing costs and shortages as key concerns. flag He argued that current migration rates strain housing supply and infrastructure, making it harder for first-time buyers to enter the market, despite migration’s economic benefits. flag His comments highlight growing debate over balancing population growth with housing affordability, though no specific targets were proposed. flag The federal government has not yet responded.

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