Will foreign student caps ease the cost of living?

The government’s proposed caps on the number of international students starting at universities next year will have a financial impact on some of Australia’s biggest higher education institutions. 

With fierce competition for housing pushing up rents in our major cities, could the caps also ease key cost of living pressures? 

Today, the ABC’s chief business correspondent, Ian Verrender, on why a ‘tragedy’ for unis reliant on foreign student fees might lead to less economic pain across the board.

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Ian Verrender, ABC chief business correspondent