International students drive record immigration surge


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:

Net overseas migration

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.