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Commonwealth Bank CEO urges lower migration to ease housing costs and shortages.
Commonwealth Bank CEO Matt Comyn has urged a reduction in Australia’s migration levels, citing rising housing costs and shortages as key concerns.
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.
His comments highlight growing debate over balancing population growth with housing affordability, though no specific targets were proposed.
The federal government has not yet responded.
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El CEO del Commonwealth Bank insta a una menor migración para aliviar los costos de vivienda y la escasez.