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I have argued repeatedly that Australia is facing record net overseas migration (NOM) next year that will dwarf the federal budget’s 235,000 projection:
Why? Because the Albanese Government has committed to the largest temporary and permanent migration intakes in this nation’s history via:
- Raising the permanent non-humanitarian migrant intake by 30,000 to a record high 195,000 a year;
- Accelerating temporary migration by:
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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.
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