International student arrivals surge to new heights

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Australia’s population expanded by a record high 482,000 in the 2022 calendar year amid unprecedented net overseas migration (NOM):

Australian population change

Visa data to April also showed that net temporary migration hit an all-time high on the back of record student visa arrivals:

Net visa arrivals
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According to Abul Rizvi, “offshore student visa applications in April 2023 set another record for any April at 29,931”.

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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.