Australia hits worrying new milestone as more than 100,000 foreigners arrive in ... trends now
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Australia has reached a new immigration milestone with more than 100,000 foreigners arriving in just one month for the first time ever.
The landmark total is eight times the number of new homes approved and is set to further fuel the worsening housing crisis.
February's net intake of permanent and long-term arrivals was 105,460 - almost double January's 55,330 level, new Australian Bureau of Statistics data showed.
This occurred as a large number of international students moved to Australia for the first semester of the university year.
Australia's capital cities also have rental vacancy rates under one per cent as construction activity fails to keep pace with booming population growth.
Australia has reached a new immigration milestone with more than 100,000 foreigners arriving in just one month for the first time ever (pictured are shoppers at Sydney's Pitt Street Mall)
The 12,520 houses, apartments and government units approved in February was only one-eighth the monthly net immigration arrival figure, with capital city rents surging by double-digit percentage figures during the past year.
Institute of Public Affairs deputy executive director Daniel Wild said this was a recipe for a housing crisis.
Institute of Public Affairs deputy executive director Daniel Wild said this was a recipe for a housing crisis
'Australia's migration intake remains out of control, with promises to "normalise" arrivals in tatters,' he said.
