Mirabile dictu: International student applications crater 85%

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Via the ABC:

International student visa applications from outside Australia have dropped off a cliff, raising serious concerns of an increasing budget black hole for Australian higher education.

Just 72,397 student visa applications have been received from prospective overseas students from January to July, 40 per cent of the total for the same period last year, Department of Home Affairs data shows.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.