Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Total April arrivals rose 25.89k on the month but remain well below pre-pandemic levels. Permanent arrivals fell 2.77k m/m but are still up 47.6% y/y. The 12 month rolling sum of permanent is still 41.9% below December 2019. Given the discussion of strong population growth recently and the pressure it is putting on an already stretched housing market, in the year to April there were 126k permanent arrivals. If levels return to pre-pandemic numbers, then housing is going to become an even bigger problem given lacklustre new building rates and could also add to inflation through rising demand. May population figures will be released with Thursday’s labour market data.
Australia permanent arrivals 12m sum
Source: MNI - Market News/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.