Net migrant arrivals soften to 294,000

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

In the 2019 calendar year, there were 843,980 permanent and long-term arrivals into Australia, up 1% from December 2018, and only partly offset by 549,670 permanent and long-term departures:

Subtracting departures from arrivals, there were 294,310 net permanent and long-term arrivals into Australia in the 2019 calendar year, up 1% on December 2018 and way above the 43-year average of 157,283:

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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.