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Sunday, 17 December 2017

Chinatown

China boom continues

Long term arrivals into Australia have really picked up over the past two years, hitting a fresh record high of +778,000 over the year to October 2017.

That said, it looks as though annual long term arrivals will struggle to rise much further from here.

Well over half of permanent settlers now hail from Asia, with strong growth from India and China in recent years. 


The ABS has changed the way that departures are measured, making it more difficult to draw meaningful conclusions.

What is not in doubt is the tremendous lift in short term visitors.


And there's also no doubting the main driver of the boom, being Chinese visitors in their hundreds of thousands.

In seasonally adjusted terms October 2017 was again the biggest on record for Chinese visitors, with a total of 1.37 million visiting over the past 12 months (and many more besides from Taiwan and Hong Kong).


The benefits of Chinese tourism are not being experienced equally around the country, however.

See here for details of where will benefit the most (and least).