Immigration into Australia remains turbo-charged, albeit slowing

The Australian Bureau of Statistics (ABS) yesterday released its Australian Demographic Statistics for the September quarter of 2019, which revealed that Australia’s population continues to grow strongly despite a meaningful reduction in net overseas migration (NOM).

According to the ABS, Australia’s population rose by 1.5% in the year to September 2019, above the 38-year average:

The growth in the number of persons in the year to September was an insane 371,100, even further above the 38-year average:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.