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After recording the highest net overseas migration (NOM) in Australia’s history in the 2022-23 financial year, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data for December, which suggests NOM hit new highs in Q4.
57,210 net long-term arrivals landed in Australia in Q4 2023, up from 39,000 in Q4 2022:
This lifted net long-term arrivals to a record 448,000 in the 2023 calendar year:
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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.