The number of temporary visa holders in Australia hit a record high in October of 2,664,523.
Excluding visitors, the total was a record 2.32 million.
Student visas hit a record high of 672,782, while working holiday visas have roared back to 159,638.
It's been well documented that this is causing some ructions in the rental market, but it's also solving the labour shortages in hospitality, retail, and other sectors which were chronically short-staffed when the borders were closed.
Many temporary visa holders will now be eligible for permanent residency in Australia, under newly-announced rules, effective November 25.
---
P.S. Whenever you’re ready…here are 4 ways I can help you manage your own money and go next level wealth:
- Boom or Bust in 2023 – 20 minute online workshop for investors
Register for my next free online training - Boom or Bust? How to change your investment plan for 2023 - book in here
You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.
- Subscribe to our Top 10 Podcasts for Investors
Listen in to our podcasts
The Australian Property Podcast is one of Australia's biggest business podcasts.
And our enormously popular Low Rates High Returns Show is also available on Spotify.
- Subscribe for my free daily blog
Subscribe for my free daily blog with 3½ million hits here.
You can also catch up with me daily on Twitter here, where I'm active daily and have over 13,000 followers.
- Work with me privately
For a limited time you can book in a free diagnosis call with me here.
