Maybe a step up from my blathering as he discusses some figures but it looks like Australia has the same answer to all their problems.

https://www.youtube.com/watch?v=glROuWfPtWg

The current Government is driving migration to all time highs, and this will put more pressure on the already unbalanced housing market. Big Australia leads to pressure on infrastructure, and the need for more homes to be built, but of course it may well also put a floor on potential home price falls. As a result, it is likely this Government will be responsible for a further spiral down in housing affordability, and ever rising rents. Migration should be slowed.