Australia's Population Boom Hits The Big Time

As Australia emerges from COVID’s clutches, the ABS’s recently released statistics on migration, shows the return of international students and working holidaymakers producing a sharper rise in migrants than the ‘Big Australia’ era of 2008-09. Australia is set to experience the biggest two-year population surge in its history, with an extra 650,000 migrants this financial year, driving a 900,000 jump in the number of residents. The Budget is six weeks away and Treasury officials are adjusting the fiscal statement’s economic forecasts to reflect the surprise population boom.