After a short slowdown in 2017, more immigrants are moving to Australia again.
The Australia Bureau of Statistics released data based on the overseas arrivals and departures for August. The yearly rate of net overseas migration has increased in the last 3 months. The immigration levels now are similar to the ones during Australia’s mining boom in the early part of this decade.
The ABS, however, warns that overseas arrivals and departures are not a reliable source for immigration statistics. As per the Business Insider, these data may not be appropriate for migration data as they do not have a reasonable track record. Hence, they cannot be used as a leading indicator of immigration statistics.
ABS will release the next set of demographic statistics by December this year. The statistics will contain data up to the June quarter this year.
It is beyond doubt that more immigrants are now moving to Australia. The net overseas migration rate is accelerating. It is evident in the improvement in the Australian economy over the last year.
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