Australian immigration remains insanely high

Wednesday 17 July 2024

Australia welcomed an extraordinary 980,000 net overseas migrants over the last two calendar years.

According to the May federal budget, net overseas migration will moderate to 395,000 in 2023-24, then 260,000 in 2024-25.

Source: 2024 Federal Budget

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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.