Record high 7.5 million arrivals
Indeed, after accounting for the rapid growth in student visas, total population growth in Australia is probably already rising again.
It is important to note that most of the population slowdown has been in mining and resources regions - the largest capital cities have barely experienced any slowing at all to date.
Evidently the composition of immigration moving forward will be very different, with Asia being the key driver of population and tourism growth.
Chinese iron ore, coke and rebar futures have all hit limit up during today's trade, while crude might even get back to $40.
Nice to see. A few mining stocks are going ballistic.