Australian net overseas migration falls to lowest level since 2022 – but the Coalition says that’s still too high

Net overseas migration added 301,000 people to Australia’s population last year, the lowest increase since mid-2022 but still above the pre-pandemic pace. The new figures from the Australian Bureau of Statistics come amid an increasingly fraught political debate around immigration, following Pauline Hanson’s declaration that our society should be “monocultural” . After collapsing below zero during the Covid lockdowns, annual migration growth sprang back to as high as 556,000 in late 2023. Sign up for the Breaking News Australia email Since then, net overseas migration (Nom) has tracked steadily down – a fact the government has been keen to emphasise amid repeated attacks from the Coalition that Labor has failed to bring the numbers of arrivals back to “sustainable” levels. Chart showing year-on-year net overseas migration In a statement following the release of the data, the treasurer, Jim Chalmers , said “the facts clearly show that net overseas migration is coming down under Labor”. The May budget had forecast Nom – the difference between the number of migrants arriving and leaving – would drop to 295,000 people in this financial year; to 245,000 in the next; and 225,000 in 2027-28. But Terry Rawnsley, a senior economist at KPMG, said “the nation looks to have settled into a new normal level of net overseas migration of around 300,000 people per year”. …