Net migrant arrivals near 300,000

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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:

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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.