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‘Job Creation a Mirage’: Tech CEO Calls for 90 Percent Cut to Migration to Slow Housing Bubble

‘The immigration system is completely out of control and being used for political purposes, not for the benefit of Australian citizens,’ said Freelancer’s CEO.
‘Job Creation a Mirage’: Tech CEO Calls for 90 Percent Cut to Migration to Slow Housing Bubble
People cross a street in Melbourne's central business district in Melbourne, Australia, on Aug. 14, 2024. William West/AFP via Getty Images
Alfred Bui
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Australian tech CEO Matt Barrie says the government should consider cutting international migration by 90 percent to address the “massive housing bubble” and unemployment in the country.

Speaking at a recent event in Brisbane, Barrie, the founder and CEO of Freelancer, a freelance marketplace website with over 75 million users, said migration was the main driver behind unreasonable housing prices across Australia.

Alfred Bui
Alfred Bui
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Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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