Australians to benefit as immigration turns negative

Friday 25 September 2020

The ABS yesterday released demographic statistics for the March quarter of 2020, which reported that Australia’s population growth rate has fallen to 1.4% – a decade low:

In number terms, Australia’s population grew by 357,000 in the year to March, driven by 220,500 net overseas migration (NOM):

However, NOM remained well above the 38-year average of 145,000.

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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.