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I noted earlier this week how net overseas migration continues to run hot, despite moderating somewhat from last year’s peak.
Over the first eight months of 2024, Australia received a record 358,964 net permanent and long-term arrivals. This was about 5,000 higher than last year’s record arrivals and 115,500 higher than the same period in 2019:
The Institute of Public Affairs (IPA) has created the following chart showing August year-to-date net permanent and long-term arrivals dating back to 1978:
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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.