Australia’s population ballooned by 382,000 in 2018-19

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The Australian Bureau of Statistics (ABS) yesterday released its Australian Demographic Statistics for the June quarter of 2019, which revealed that Australia’s population continues to grow manically led by never-ending strong net overseas migration (NOM), mostly into Sydney and Melbourne.

According to the ABS, Australia’s population rose by 1.5% in the year to June 2019, well above the 38-year average:

The growth in the number of persons in the year to June was an insane 381,600, even further above the 38-year average:

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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.