Immigration into Australia passes the peak

Thursday 13 June 2024

After breaking all records in 2023, Australia’s net overseas migration looks to finally be moderating in 2024; albeit it remains at historical highs.

On Wednesday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data, which registered its second consecutive annual decline:

After peaking in February at 498,300, net permanent and long-term arrivals retraced to 487,800 in the year to April.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.