Record temporary migrants inundate Australia

The Australian Bureau of Statistics (ABS) monthly visa data shows that a record net 502,000 visa holders (excluding visitors) arrived in Australia in the year to July, with student visas accounting for 297,000 of these arrivals:

According to Abul Rizvi on Twitter, there were 2.55 million temporary entrants in Australia at the end of July, the most in history:

There were also “all time records set for New Zealand citizens (700,000), students (655,000) and other employment based temporary entrants (191,000)”.

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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.