Multiple sources who provided detail ahead of the policy's release said the party would reduce net migration to about 100,000 in the first year should it win the next election. The Coalition claims the reduction will not hurt Australia's ailing budget and economy.
The opposition is choosing to pivot back to migration a week after Labor was widely criticised by economists over its handling of inflation and interest rates, which rose to a 15-year high. The issue has turned into a central political issue in Canberra, with the Coalition desperate to halt the momentum of Pauline Hanson's One Nation.
Angus Taylor continues to trail both One Nation and Labor in polling by the same margin Sussan Ley was recording before he replaced her in February. Taylor's leadership may come under pressure if the party fails to contain One Nation's ascendancy by next year.
The move creates a direct contrast with One Nation, whose September backflip on negative migration was widely criticised for failing to include forecasts on economic effects or labour supply. By offering a fully costed plan, Taylor is positioning the Coalition as a responsible alternative for voters concerned about migration levels.