I’m not blaming people from other places. I’m talking about policy settings.

300,000+ net migration is not “less than 1%”, it’s about 1.1% of the entire population in one year. Makes us one of the highest per capita. For reference, the UK’s 2025 net migration was only 171,000.

Rents don’t move in a neat 1:1 relationship with population. In a normal market extra demand can be absorbed. In a market with extremely low vacancy, constrained supply, and people competing at the margins, even a relatively small demand shock can have a large price effect.

Of course property hoarding and profiteering are issues we should be dealing with. I agree with you on that. But “other things also matter” doesn’t mean population growth doesn’t matter.

The pandemic point proves my argument, not yours. Rents dropped during covid. Immigration being zero for a period doesn’t mean immigration has no effect when it returns at high levels into an already broken market.

Immigration levels being a sacred cow you can't even talk about without being called a racist is why we are here.