Immigration peaking out
A bit of a fall is recorded in the net long term arrivals this month.
This is perhaps what we'd expect to see at this stage in the cycle as house prices heat up, though in truth I'm not really sure about how valid such a link would actually be.
In any case, on a rolling 12 monthly basis the net long term migration figures are still tracking at close to 380,000, despite the recent declines.
Throw in the births versus deaths dynamic and we're still looking at extremely strong population growth in Australia, and net long term arrivals are tracking at simply miles above their long term average levels (click chart):
As for short term visitors, on a seasonally adjusted basis the figures for April showed the number of visitors to brushing up against all-time record highs at more than 572,000.
So that's a very big short-term visitors number too (click chart):