August 2018
The ‘people boom’ that will support Australia’s economy
Getty Images It’s been more than 26 years since Australia last saw a recession. Along with past reforms, a floating exchange rate and China’s rise to economic prominence, a major factor behind Australia’s economic success is strong levels of population growth. UBS says while this will continue to underpin headline GDP growth in the years ahead, it won’t necessarily lead to faster wage growth,
Millionaire migrants pouring into Australia
The number of millionaires streaming into Australia has surged to 7260 in the past year, new figures show, delivering a multibillion-dollar investment boost as Australia becomes the destination of choice for thousands of the world’s wealthiest individuals. The Department of Home Affairs data challenges claims that Australia’s high-income tax rate is discouraging international investors as an Asian-led millionaire boom drives investment in Sydney and Melbourne.
New thinking around migration top of the agenda at global event
Metropolis 2018, international migration conference to be held in Sydney Leading thinkers and agitators in migration, diversity and integration will debate the latest research, challenges and successes from across the globe, when international and national academics, practitioners and community representatives converge in Sydney this October. Metropolis 2018, hosted by Telstra Business Woman of the Year, Violet Roumeliotis, CEO of Settlement Services International, the Australian Multicultural Foundation and Multicultural
Here’s how Australian population growth compares to other nations
Australia’s population increased rapidly over the past decade, lifting by 3.755 million, or 17.9%, according to the Australian Bureau of Statistics (ABS). As at the end of last year, Australia’s resident population stood at 24.771 million, putting it on track to hit 25 million by early August this year based on current growth rates. While population growth slowed last year, increasing by 388,000, down slightly
Australian population growth is slowing as fewer people arrive and a record number head abroad
TenplayThe Tribe has spoken. Australia’s population grew by 388,000, or 1.6%, in 2017, according to data released by the ABS today. Net overseas migration accounted for 62% of the increase with the remaining coming from natural increase. Australia’s population is expected to hit 25 million in August this year. Australia’s population grew by 388,000, or 1.6%, last year, according to data released by the
The Australian dollar’s losing streak is over
The Australian dollar operated in a thin trading range on Thursday, recovering from earlier losses to close modestly in the black. The US dollar index hit a 12-month high before reversing in the second half of the session, weighed down by soft US economic data and hawkish language from two major European central banks. PMI reports dominate the economic calendar today. OPEC will also