Record number of migrant students and workers land in Australia
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Recall that last month’s federal budget projected 235,000 net overseas migration (NOM) this year and beyond:
On Tuesday, the Australian Bureau of Statistics (ABS) released overseas arrivals & departures figures, which showed that total annual net visa arrivals (excluding visitor visas) soared to 302,000 in October:
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This lift in net visa arrivals has been driven by record high net student and work visas, which boomed to 235,600 and 90,580 in the year to October respectively:
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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.