https://www.abc.net.au/news/2024-12-18/migration-80000-above-expectations-housin...Migration balloons by 80,000 above expectations,
adding to housing pressures
By political reporter Jake Evans
Topic: Immigration
6h ago
In short:
Net overseas migration is expected to be 340,000 this financial year.
That figure is 80,000 above the government's expectations,
which it says is due to fewer people leaving than anticipated.
What's next?
The federal government and opposition continue to consider tightening migration, as housing supply slowly improves.
Australia's migrant population will rise above the government's expectations by 80,000 people over this financial year, adding to pressure on Australia's housing and rental markets.
The mid-year budget update has revealed net overseas migration will grow this financial year by 340,000, well above the 260,000 the government had expected.
It is still a smaller growth than the peak of 446,000 net arrivals of temporary and permanent migrants last financial year.
The government says the number of new arrivals since July has been in line with expectations, but there have been fewer departures than anticipated.
It amounts to an extra city the size of Rockhampton in Queensland or Coffs Harbour in New South Wales being added to the population above what the government had expected.