Australia has seen a huge increase in the number of permanent arrivals in the country over the last year with more than 115,000 arrivals in February alone.
Late last week, new immigration figures were released by Australian Bureau of Statistics which revealed a new record high of 844,800 annual immigration.
According to the official figures, 115,100 new immigrants came into Australia in February bringing the total entry for the past year to 844,800. This represents an increase of 11.4 percent in comparison to the same period in 2018.
When the total departures in the year were brought into the picture, the net annual immigration, including international students, is a five-year high record of 299,190.
Australia’s Prime Minister Scott Morrison promised to cut net annual immigration from 190,000 to 160,000 which is still a huge jump compared to the figures seeing in the 20th century.
In 2012, the net annual immigration in Australia was above 200,000 which has been said to be responsible for the increase in house price in Sydney and Melbourne by 68 percent and 54 percent respectively in the five years that followed.
Population growth; a positive for economic growth
Despite the jump in house prices, which are linked to immigration, experts in Australia insist strong population growth is good for the country. They claim immigrants boost employment in the short term and contribute immensely to economic output in the long term.
Though several factors can be said be responsible for the surge in immigration into the country, including some other countries unwillingness to receive immigrants, it is obvious Australia is seeing as a great place to live and work. The country does not just have beautiful landscapes but also great opportunities.
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