Australian net overseas migration falls to lowest level since 2022 – but the Coalition says that’s still too high
Summary
Australia’s net overseas migration (the number of people coming in minus those leaving) increased by 301,000 in the past year, which is the lowest increase since mid-2022 but still higher than before the COVID-19 pandemic. The government expects migration to gradually decrease, but some experts say recent levels reflect a new normal driven by strong job markets in certain states.Key Facts
- Net overseas migration added 301,000 people to Australia’s population last year.
- This figure is the lowest yearly increase since mid-2022 but remains above pre-pandemic levels.
- Migration dropped below zero during COVID-19 lockdowns but peaked at 556,000 by late 2023.
- The Australian government forecasts migration will fall to 295,000 this year and continue decreasing to 225,000 by 2027-28.
- Economists say migration has settled around 300,000 people annually, about 25% more than before COVID.
- Queensland and Western Australia have seen big increases in migrants, linked to strong local economies needing workers.
- New South Wales and Victoria have migration levels near their pre-pandemic numbers.
- Opposition politicians argue that 301,000 migrants a year is still too high given housing and public service pressures.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.