Earlier quoted context omitted.
Companies are only meant to use the visa to fill a need/gap where there are no local workers to fill a job. The minimum wage for the visa is $40,000 USD ($53k AUD). What companies are doing however, is hiring foreign workers (typically from India for IT based roles) and paying them $40k rather than the local average wage of $75-100k. They are using the visa as a method to decrease wage costs to almost half of what a…
I'm guessing you haven't had to try and hire devs in Australia before if cost of developers is what you think the main problem is.
Maybe you're just in the wrong part of Australia?