You’d never believe how many people are coming to Australia

Australia’s population keeps growing.

Permanent and long-term arrivals into Australia totalled 844,960 over the year to November, up 2 per cent from a year earlier, but just a notch lower over the past two months.

Net of departures, total arrivals were around 297,000, implying population growth of around 380,000 or 1½ per cent after accounting for natural population growth (births minus deaths).

Asian century

Tourism was still romping along until November, on the back of the Asian century.

And short-term international education arrivals hit yet another record high at 619,100 over the year to November.

Unfortunately, the raging bushfires will blast a $1 billion hole in the tourism figures, blowing yet another hole into the ailing Aussie economy.

The growth in short-term arrivals over the year to November was driven by Victoria (up 6 per cent year-on-year) and Tasmania (up 8 per cent).

There’s been a fairly sharp drop in short-term arrivals from Hong Kong as the unrest and demonstrations continued.

There’s less tourism from Hong Kong, but plenty of capital is winding its way back to Australia.

from Property UpdateProperty Update https://propertyupdate.com.au/you-d-never-believe-how-many-people-are-coming-to-australia/