Australia’s population and economic outlook has been bolstered by the latest available arrivals and visa data.
The Permanent and long-term net arrivals data is a good indicator of Australia’s net migration trends, and it’s now painting a picture far more optimistic than what we saw during the COVID-19 period.
Immigration is a key contributor to the growing demand profile for real assets and the return of migration is a major driver underpinning our accelerating growth outlook for the sector in this post-COVID-19 world.
Australia’s population is boosted by strong migration
Migration is a key factor in Australia’s natural rate of increase, and is part of what helps make us one of the fastest-growing developed countries in the world.
Long term population trends (thousand people)
Source: Martin Currie Australia, Australian Bureau of Statistics (ABS); as of 30 September 2022.
Student visas are helping to drive the revival
For years, students have been a crucial part of Australia’s long-term migration mix. The latest visa data suggests that most of the increase in net overseas migration has been due to international students arriving in Australia.
Permanent and long-term net arrivals by source (rolling 12 months, in thousands)
Source: Australian Bureau of Statistics (ABS); as of 30 August 2022.
Arrivals are a leading indicator for population growth.
A significant increase in net migration has been noted, which is great for Australia’s long-term prosperity. The following chart shows the difference between the permanent and long-term arrivals for August 2022 compared to previous highs.
Permanent and long-term net arrivals (rolling 12 months, in thousands)
Source: Australian Bureau of Statistics (ABS); as of 30 August 2022.
How can Australia Migration Services Help?
For over a decade, Australia Migration Services has been helping migrants with the filing of citizenship paperwork. If you need help with your own migration needs, please contact one of our consultants.
