International students drive record immigration surge
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Recall that the March quarter net overseas migration (NOM) data from the Australian Bureau of Statistics (ABS) recorded the largest ever quarterly intake on record, with 96,200 net migrants arriving:
Largest quarterly NOM on record in Q1 2022.
As we know, the Albanese Government has embarked on the largest immigration program in this nation’s history, announcing at last month’s Jobs & Skills Summit that it would target record permanent and temporary migration via:
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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.