Brendan Coates
speaker
226 appearances
4 recordings
1 series
first heard Feb 2022
last heard Apr 2022
Brendan Coates’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
About 10% of that is probably because of migration.
Now, that's right.
So the work we've done so far is on the permanent program, so giving people the permanent right to remain in Australia, so to get permanent residency.
At the moment, the system works reasonably well for skilled migration, but it could work better.
And the number one thing that we think should change is that the way we select permanent skilled migrants should change.
So instead of having a list of occupations that we think are in shortage, when it's really hard to get any decent data on the wages of individual occupations, we should instead be thinking, well, the best measure of skill is someone's wage.
And if an employer is willing to pay someone at least $80,000 a year, which is median full-time wages,
then they should be able to sponsor that person for permanent residency.
And we think that would make a big difference, both in the short term to who comes as a skilled migrant, but particularly in the long term, because people who come to Australia as skilled migrants, as permanent residents, they stay for the rest of their lives.
And so they have an enormous impact on our community and our society over the course of the following 56 years.
And if we can raise the levels of income that they have so that we're bringing more skilled migrants to Australia, then that has huge flow-on benefits to the rest of the population.
Yeah, so the housing market's changed a lot in the last 30 years.
So 30 years ago, interest rates were at 17%.
Now, the cash rate's at 0.1%.
We just secured a mortgage for less than 2%.
It is just a different world.
Now, the consequence of that is on some measures, housing is more affordable because the younger Australians can borrow cheaply and so they can borrow more.
And that's one of the reasons, perhaps the main reason house prices have risen.
But a colliery to that is that if you don't have, as you say, parents that can help you out with that deposit, then you're in a lot of trouble.
And that's what we see, you know, the deposit
Showing 161–180 of 226 · page 9 of 12
← Previous
Next →