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  • Australia on track for 2023 migration boom

    Abul Rizvi, the former deputy secretary of the immigration department, said that Treasury forecasts of a 235,000-person annual boost to population from migration – the long term pre-pandemic average – have “significantly underestimated” net figures.

    Rizvi’s intervention comes as the treasurer, Jim Chalmers, signalled the government could adopt a proposal from the Business Council of Australia for permanent migration to be set as a percentage of the total population, automatically raising the current cap of 195,000.

    The Centre for Population’s statement projected that with net migration of 235,000 a year, Australia would reach a population of 39.2 million in 2060-61, signalling a smaller population than forecast and older on average due to the impacts of the pandemic and the global Covid shutdown.

    But under a “high migration scenario” of 470,000 a year, Australia’s population would reach 49.3 million in that time, with a younger median age (41) than the baseline scenario (42.8).

    Source: BCA

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