Table of contents
Net migration recovery continues, but student arrivals still below pre-pandemic levels in August - featured image

Net migration recovery continues, but student arrivals still below pre-pandemic levels in August

Is Australian migration finally recovering?

Well, the overseas arrivals and departures data for August show a continued return of net migration, though student arrivals in July and August remain well below pre-pandemic.

In fact, preliminary data for September shows ongoing recovery in total arrivals and departures alongside continued normalisation of travel patterns.

Total Arrivals And Departure 11 October

But cross-border movements remained well below pre-pandemic levels.

Total arrivals were 39% below September 2019, while total departures were 42% below.

Permanent and long-term arrivals show continued normalisation

Net permanent and long-term arrivals show continued normalisation in net migration even as outbound departures remain little above pre-pandemic levels.

Permanent And Long Term Arrivals 11 October

Mr Taylor Nugent, Markets Economist at NAB commented:

"Net permanent and long-term arrivals, which gives a more timely signal of net migration, was 20k in August, above its pre-pandemic norm for the month (August 2019 net long-term and permanent arrivals were 18k, 2018 was 12k).

Permanent and long-term departures remained elevated relative to pre-pandemic levels in August, but higher arrivals helped support net long-term arrivals."

Net Long Term Arrivals V Net Migration 11 October

Student arrivals have picked up

Student arrivals have picked up sharply after running near zero for the border closure period.

International Student Arrivals By State

Mr Nugent said:

"Despite the pick-up, student arrivals remained well below their pre-pandemic levels in August.

Forty-one thousand students arrived in August, which is 26% below pre-COVID August 2019 levels.

Arrivals relative to prepandemic were stronger in August than in July, likely reflecting some catch-up after delays to visa processing."

About Robert Chandra is a Property Strategist at Metropole and has an intrinsic understanding of property markets backed by many years of real estate experience. This coupled with several degrees gives him a holistic perspective with which he can diagnose clients’ circumstances and goals and formulate strategies to bridge the gap.
No comments


Copyright © 2024 Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts