Melbourne becomes Australia’s immigration epicentre

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The ABS has released its Migration Australia report for 2018-19, which reveals that Melbourne has become the nation’s immigration capital overtaking Sydney:

As shown above, an absurd 77,400 net migrants inundated Melbourne last financial year, equating to nearly 1,500 migrants a week.

Sydney also received a whopping 73,900 net migrants last financial year, more than 1,400 a week.

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Combined, Sydney and Melbourne received 151,300 net migrants, 63% of Australia’s total of 239,600.

The overwhelming majority of Australia’s recent immigration has come from China and India:

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They are fast catching up to England as Australia’s leading sources of migrants:

Ongoing strong net overseas migration (NOM) has also increased the share of Australian born overseas to 30% – the highest share in around 120 years:

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One of the positive side effects from the COVID-19 pandemic is that it will reduce NOM back to sensible historical levels, more akin to the early-2000s:

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Let’s hope it stays there.

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.