Meanwhile tourism has become of the fastest growing sectors of the domestic economy. A recent Deloitte Access Economics report noted an existing shortage of 38,000 workers with a projected further 123,000 workers required by the end of the decade, leading inevitably to industry calls for a relaxation of visa rules.
Part 2 - Record visitors
Part 3 - China explosion
Gosh! The number of visitors from China continues to explode at a breakneck pace being up by an outlandish 27 per cent from September 2014, with more than 1.3 million visitors arriving from China and its provinces over the 12 months to September 2015.
The student visas boom is very much a capital cities phenomenon, which is one of a multitude of reasons that Australia's capital cities are set to capture an even greater share of population growth over the next decade.
With recent changes to rules and regulations in New Zealand having reportedly curbed Chinese interest in the Kiwi property market, the above demographic shifts have potentially significant implications for Australian real estate over the remainder of the decade.
Anecdotally there has been a renewed rush of interest in Australian property from would-be Chinese investors.
I recently looked in more detail at the student visa boom and some of the potential ramifications here
A significant share of new arrivals come to Australia for education but stay for the long term on other substantive visas - it's one the reasons that Chinese investors are so active in targeting Australian property markets.