YES… But Why…?
Australian population has fallen by 4,200 people last year… for the first time in 100 years… Does this mean now the borders are open there will be a need for an influx of qualified internationals?
Net overseas migration took about a decade to recover after the recession of the early 1990s.
In the three months to September last year, 55,400 people left Australia, while 20,600 arrived – turning net overseas migration negative by 34,800.
We usually expand the population by approximately 260,000 per year, so in fact it’s a drop of 264,200 from last year!
For a country that typically relies on migration for two-thirds of its population growth, having the boarder closed for so long is going to have a lasting effect…
For instance; if there are no backpackers or migrant workers to pick fruit, the cost to get that item from the farm to the store increases and consumers pay more for it…
Moreover, industries are looking at infrastructure projects to help the economy recover over the next few years, and without the migrant population, Australia will not have the number of skilled individuals required to start the projects.
The latest population data confirms what we already know — immigration has stalled.
What wasn’t clear until now is that Australia’s population has actually shrunk.
Therefore, although the border is completely reopened, and there will be a rush to obtain skilled migrants back into the country… will they want to come??? What’s your thoughts?
We look forward to hearing from you.