Indian students and migration agents celebrate Labor victory

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The first term of the Albanese government saw net overseas migration to Australia surge to a record high.

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It also saw temporary visa numbers balloon nearly 500,000 higher than the pre-pandemic peak:

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Total international student enrolments also hit a record high of nearly 1.1 million at the end of 2024, nearly 250,000 higher than the pre-pandemic peak.

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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.