Temporary visa holders eclipse records

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Temporary visa holders eclipse records

The number of temporary visa holders in Australia hit a record high in October of 2,664,523.

Excluding visitors, the total was a record 2.32 million.

Student visas hit a record high of 672,782, while working holiday visas have roared back to 159,638.

It's been well documented that this is causing some ructions in the rental market, but it's also solving the labour shortages in hospitality, retail, and other sectors which were chronically short-staffed when the borders were closed.

Many temporary visa holders will now be eligible for permanent residency in Australia, under newly-announced rules, effective November 25.

About Pete Wargent Pete is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog

Temporary visa holders eclipse records

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