08/11/2018
More than 7,000 millionaire migrants entered Australia in just a year
Australia is seeing a surge in millionaires migrating to the country, with the number rising dramatically to 7,260 in the past year. The numbers are boosted by an Asian-led millionaire boom driving investment in Sydney and Melbourne. New figures compiled by the Australian Department of Home Affairs and the Federal Government migration report show a multibillion-dollar investment boost for Australia as the country
Billionaire business Frank Lowy has slammed Australia’s approach to migration
BILLIONAIRE Frank Lowy has condemned Australia’s approach to migration over the past year. In an address to a Sydney audience of politicians and senior business figures last night, the Westfield founder — who fled to Australia from Nazi persecution as a child — urged the country to embrace an “ambitious migration program”. “I have … been disturbed by the negative tone of the debate
Australia’s fastest growing city is about to hit the 5 million mark
Darrian Traynor/Getty Images Sometime today Melbourne’s population will tick over the 5 million mark. Australia’s fastest growing city last year added 125,424 people. This is the equivalent of adding one new Darwin. The population of Melbourne, Australia’s fastest growing city, is today (Monday, August 27) due to reach the five million milestone, just three weeks after Australia’s population hit the 25 million