Booming migration numbers accounted for 84 per cent of Australia’s population growth in 2023, according to the the latest figures from the ABS, pushing the total population to nearly 27 million. Net overseas migration was 547,300 in 2023, with 751,000 arrivals and 204,200 departures. The 27 million figure marks aContinue Reading
The number of international students universities can enrol will be tied to their construction of suitable accommodation under a major immigration crackdown by the federal government. Labor is under pressure to assure voters it can halve the net overseas migration intake from a record 528,000 last year to a promisedContinue Reading
Universities will be forced to cap numbers of overseas student enrolments as part of Labor’s efforts to ease pressures on Australia’s housing market and slash the migration intake ahead of the next election. The federal government will introduce new legislation to set limits for the maximum number of new internationalContinue Reading
The Reserve Bank board is gearing up for another tough decision in its upcoming May meeting, as they weigh up resuming interest rate rises over another pause in the official cash rate. New figures for inflation — the key reason there is pressure on interest rates — will be releasedContinue Reading
The number of people set to call Australia home is about to soar, with new government forecasts predicting the nation’s population will jump by 900,000 people by the end of June, 2025. In addition to the thousands of births that will occur, 650,000 migrants are anticipated to arrive in theContinue Reading
It’s impossible to predict the future but there is one way to get an indication of what will happen to Australian house prices in 2023 – and that’s to look over the ditch. Since the Reserve Bank of New Zealand (RBNZ) kicked off the current interest rate rise cycle inContinue Reading