Net immigration is high, but down from the highs

Oil prices tumble

US inflation is expected to come in +0.2 per cent in August and +2.5 per cent over the year (or +3.2 per cent for the core measure). 

With oil prices tumbling to the lowest level since 2021, the US 2-year bond yield has also dropped sharply to the lowest level in 2 years, while market-based measures of inflation expectations have dropped to the lowest level since 2021. 

Breakeven rates over the next 10 years have fallen practically all the way back to 2 per cent.

Source: Bloomberg

Gareth Aird of CBA put out his usual amazing array of charts (you can track down his updates on LinkedIn, which show that Australia is probably heading in a similar trajectory over the months ahead).

Lower fuel prices will be welcome! 

In other news, Australia saw +120,000 permanent and long-term arrivals into the country in seasonally punchy July, which was only a very slight decrease on the prior year.

Permanent and long-term departures were a bit higher than last year at -53,000, meaning that net permanent and long-term immigration over the year to July slowed a bit further from the February 2024 highs to +463,000.

International student arrivals were 132,970 in July - slightly higher than a year earlier - with the government now looking to put some caps in place for higher education institutions.

Overall, it looks as though net immigration will naturally normalise a little as the labour market softens, but still immigration is running at relatively high levels. 

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property investment purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with some 3.7 million hits here. 

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,500 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - follow our book release on Facebook here and at our Buy Right podcast series here. 

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.