Short and sharp this week.
Australia’s population growth has now returned to pre-Covid levels.
If fact it is currently breaking recent growth records (i.e., last decade) and if the current uplift in net overseas migration continues, Australia’s annual population growth for calendar 2022 will likely be the highest in the country’s history.
And 2023 – when the official population stats come through – looks like it will hit all previous highs out of the ballpark.
Chart 1 shows that annual rate of Australia’s total population growth, whilst chart 2 shows that change for net overseas migration.
Table 1 outlines that population components by state or territory and also for Australia for the year ending September 2022.
Like it or not, Big Australia here we come!
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