cover image: MEDIA RELEASE - 22 March 2024 NEW ABS DATA CONFIRMS HIGHEST 12-MONTH NET MIGRATION IN HISTORY

20.500.12592/5x69vf8

MEDIA RELEASE - 22 March 2024 NEW ABS DATA CONFIRMS HIGHEST 12-MONTH NET MIGRATION IN HISTORY

21 Mar 2024

The latest Australian Bureau of Statistics’ quarterly data on Net Overseas Migration, confirms that record and unplanned mass migration continued to surge in the September 2023 quarter. [...] Analysis of the data by the IPA has established: (charts over page) • Net overseas migration for the last financial year and this financial year is now projected to be over 343,000 higher than the federal government projections in 2023-24 federal Budget. [...] This is the highest September quarter intake in Australia’s history, and 16 per cent higher than the previous highest September quarter in 2022. [...] This was the highest 12-month net migration period in Australia’s history, and 60 per cent higher than the previous highest 12-month to September period in 2022. [...] Today, 20 per cent of Australian businesses still cannot get the workers they need to grow.” The analysis also reveals that in the September 2023 quarter, 84 per cent of the country’s population growth was due to overseas arrivals, and only 16 per cent of the country’s population growth was a result of natural increase (births minus deaths).

Authors

jstranger@ipa.org.au

Pages
3
Published in
Australia