Foreign student arrivals hit another record high
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The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for November, which continued to show a trend rise in the number of inbound visitors, with both Chinese arrivals and student arrivals hitting an all-time high.
The number of short-term visitor arrivals rose by 6.4% in November in original terms, whereas short-term resident departures fell by 4.5% over the month. The ratio of annual arrivals to departures rose to 81.2%:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.