Coalition to link immigration limits to new builds as Taylor says ‘migration has run miles ahead of housing’

Opposition leader to unveil plan to dramatically cut number of migrants in budget reply speech on Thursday

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The Coalition will directly link Australia’s temporary immigration intake to the number of new homes built around the country, using housing completion figures as a hard ceiling for overseas arrivals.

The opposition leader, Angus Taylor, will outline the plan to dramatically cut the number of migrants arriving into the country in his budget reply speech on Thursday night, while also promising a new $5bn housing infrastructure fund and a weakening of the national construction code to speed up building and reduce cost.