Net migrant arrivals near 300,000

The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of July, which reveals that the number of permanent and long-term arrivals into Australia remains turbo-charged.

In the year to July 2019, there were a record 844,680 permanent and long-term arrivals into Australia, up 3% from July 2018, and only partly offset by 550,8200 permanent and long-term departures:

Subtracting departures from arrivals, there were 293,860 net permanent and long-term arrivals into Australia in the year to July 2019, up 3% on July 2018 and way above the 43-year average of 155,914:

Despite the Coalition promising to cut immigration, migrants continue to flood into Australia en masse.

Unconventional Economist

Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.

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