Immigration remains immense

A bit of a fall is recorded in the net long term arrivals in June.

This is perhaps what we’d expect to see at this stage in the cycle as house prices heat up, though in truth I’m not really sure about how valid such a link would actually be.

In any case, on a rolling 12 monthly basis the net long term migration figures are still tracking at close to 380,000, despite the recent declines.

Throw in the births versus deaths dynamic and we’re still looking at extremely strong population growth in Australia, and net long term arrivals are tracking at simply miles above their long term average levels.

As for short term visitors, on a seasonally adjusted basis the figures for April showed the number of visitors to brushing up against all-time record highs at more than 572,000.

So that’s a very big short-term visitors number too.



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Pete Wargent

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Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


'Immigration remains immense' have 1 comment

  1. July 9, 2014 @ 11:57 am Michael Correll

    We have so many immigrants we’re having to house them off-shore on island resorts like Nauru and Manus Island.

    Reply


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