Original article by Julie Hare, Gus McCubbing
The Australian Financial Review – Page: 1 & 10 : 13-Nov-24

Data from the Australian Bureau of Statistics shows that net overseas migration totalled 391,850 people in the first nine months of 2024. This is the highest level ever recorded for the first three quarters of a calendar year, eclipsing the record of 390,580 that was set in 2023. Monthly arrivals in the first quarter of 2024-25 averaged 41,823; the Institute of Public Affairs has estimated that this will need to fall to just 21,670 if the federal government’s net migration target of 260,000 for the current financial year is to be achieved. Meanwhile, Department of Home Affairs data shows that Immigration Minister Tony Burke did not cancel any visas on character grounds during his first month in the portfolio.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, INSTITUTE OF PUBLIC AFFAIRS LIMITED, AUSTRALIA. DEPT OF HOME AFFAIRS