Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday, 17 September 2018

Record permanent & long-term arrivals to Australia

Record arrivals to Australia

Some 101,900 permanent and long-term arrivals into Australia in July 2018.

That's the third individual month where the figure has exceeded 100,000 - all of which were in the past 18 months - and it sends long-term permanent and long-term immigration to a new record high of +818,430 over the year to July.

Tighter lending standards and mortgage scrutiny may have cooled some of Australia's housing markets, but the underlying demand for housing hasn't cooled. 

In fact, it's either now rising to or at record highs.

Record tourism too

Tourism and higher education is also contributing to a booming headcount, with record high short-term arrivals over the year to July 2018.

In total some 9.1 million short-term arrivals graced Australian shores over the 12 months to July.

In seasonally adjusted terms a massive 126,000 visitors dropped by from China in July, which is the highest ever seasonally adjusted figure for Chinese visitors (in original or unadjusted terms there are more visitors over Lunar New Year). 

The China story is huge, but it's really an Asian visitors boom.

There was a record high for international student arrivals over the year to July.

The wrap

It was only last month that Australia reached the widely discussed 25 million population milestone.

The estimated resident population at the time of writing is already more than 43,300 higher at 25,043,338.

Big, big, big numbers.