Covid and the Great Exodus

Original article by Adam Creighton
The Australian – Page: 1 & 4 : 16-Apr-20

Net overseas migration accounted for 63 per cent of Australia’s population growth in the year to September. The nation’s population increased by 371,000 during this period; meanwhile, the federal government’s April 2019 Budget had forecast net overseas migration of 271,000 in 2020. However, data from Acting Immigration Minister Alan Tudge shows that the number of temporary visa holders fell by 260,000 to 2.17 million in the March quarter. Economist Warren Hogan warns that the decline in net ­migration will have an impact on consumer spending and the housing market.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, UNIVERSITY OF TECHNOLOGY, SYDNEY

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