Coalition: Australia’s migration compact has “snapped”
Advertisement
Tuesday’s monthly arrivals and departures figures from the Australian Bureau of Statistics (ABS) revealed that a record 393,874 people arrived in Australia on a net permanent or long-term basis in the first nine months of 2024.
While net arrivals have slowed since March, the figures suggest that net overseas migration into Australia remains hot.
Immigration is also shaping up as a battleground issue leading up to next year’s federal election.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.