A tense exchange unfolded during Senate Estimates as Senator Andrew Bragg questioned Treasury officials over Australia's projected net overseas migration and its implications for housing supply. Treasury confirmed that net overseas migration is forecast to exceed two million people between 2022-23 and 2027-28, attributing much of the increase to the post-pandemic rebound. Bragg pressed officials on whether the department had carried out any formal modelling to assess how this population growth would affect housing demand, with Treasury indicating that it had not undertaken such analysis. The hearing then turned into a broader political debate, with government representatives arguing that housing supply is being addressed through existing policies, including the Housing Australia Future Fund, while maintaining that migration levels are being managed appropriately. Bragg criticised the government's approach, accusing it of failing to properly assess the housing consequences of rising migration despite mounting pressure on the property market.

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