Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written, yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Monday, 6 March 2017

Huge increase in international students

Surge in fee-paying students

I wrote here back in 2015 that it wouldn't be much use just following demand for 457 visas if you want to understand Australian population growth beyond the end of the resources construction boom.

The reason for the blog post was that a dramatic uplift in international students was more likely to be the driver of changes in population growth.

We're starting to see the impact of the growth in students now with a massive 10.9 per cent or approximately 54,000 increase in the number of full-fee paying international students on a student visa to a total of 551,179.

When the final 2016 population growth figures confirm that Sydney and Melbourne are growing their respective headcounts at or close to a record pace, the first chart below helps to explain why.

The two most populous states each accounted for more than a third of the year-on-year growth in commencements at 35 and 36 per cent respectively. 

Looking at the figures for total enrolments which also increased by 10.9 per cent to 712,884 (students can enrol for more than one course), we can see that the great growth has been driven by students from China, and then India. 

There were also significant increases in enrolments by students from Korea and Thailand. 

The greatest number of new enrolments were seen in the higher education sector at 43 per cent, with Chinese students now accounting for 37 per cent of enrolments in that sector, while there was also strong growth in Vocational Education and Training (VET), and English Language courses (ELICOS). 

In the smaller numbers for the schools sector, Chinese students accounted for more than half of enrolments at 51.8 per cent. 

International education is now Australia's third largest export. 

Changes to visa rules in 2016

The government previously announced that from 1 July 2016 that there would be a series of important changes to the student visa programme.

There will now only be one visa class only for international students, subclass 500, and under the new streamlined process three quarters of applications will be waved through in less than one month.

International students with the requisite funds or income and English language skills will be able to apply for the new visa, including Primary School student applicants (from the age 6 or above) and their guardians or family members.

This represents a very significant shift in policy which I wrote about in a little more detail here