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More than 100,000 foreigners poured in in one month! Australia has achieved the milestone of new immigrants, which may lead to disaster!

author:Australian financial news

The Daily Mail reported on April 17 that Australia has achieved a new immigration milestone - in just one month, more than 100,000 foreigners have poured in, which is the first time in history.

That's more than eight times the number of new housing approvals, which is expected to further exacerbate an already worsening housing crisis, the report said.

The latest data from the Australian Bureau of Statistics showed that net permanent and long-term migration was 105,460 in February, almost double the 55,330 in January. The reason for this phenomenon is that a large number of international students flock to Australia at the beginning of the first semester of university.

More than 100,000 foreigners poured in in one month! Australia has achieved the milestone of new immigrants, which may lead to disaster!

(Image source: Daily Mail)

At the same time, rental vacancy rates in Australia's capital cities have fallen to less than 1% as construction activity has not kept pace with a rapidly growing population. The total number of detached houses, apartments and public housing approved in February was only 12,520, one-eighth of the net migration in the month.

Rents in the capital city have soared at double-digit rates over the past year.

Institute of Public Affairs的Daniel Wild表示,这会引发住房危机。

More than 100,000 foreigners poured in in one month! Australia has achieved the milestone of new immigrants, which may lead to disaster!

(Image source: Daily Mail)

"The number of migrants in Australia is still out of control and the promise of 'normalising' migrants is empty talk," he said. Add to that the drastic drop in housing approvals, and Australia is facing a catastrophe. ”

The Treasury's Mid-Year Economic and Fiscal Outlook predicts that Australia's annual net overseas migration will fall to 375,000 in the 2023-24 financial year. However, the reality is not as good as it could be, with net arrivals of 498,270 in the year to February, including long-term arrivals such as permanent skilled migrants and international students.

More than 100,000 foreigners poured in in one month! Australia has achieved the milestone of new immigrants, which may lead to disaster!

(Image source: Daily Mail)

A record 548,800 migrants arrived in the year to September, with foreign migrants accounting for 83.2 per cent of Australia's population growth. When births are included, Australia's population grew at 2.5 per cent, the highest since 1952.

Wild also said that a large number of migrants will be turned away from Australia.

"The data shows that the federal government's unplanned mass immigration program is unsustainable," he said. "This is detrimental to Australians who are struggling to find housing, who are being squeezed out of the market as demand increases and supply decreases. ”

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