PHOTO: HIA says the current phase of Australia’s 28 years of continuous economic growth is built upon the arrival of skilled migrants.
A COLLAPSE in overseas migration into Australia could act as a major drag on the property market and the economy for years, latest analysis warns.
Overseas migration has dropped 9 per cent nationally, according to latest data from the Australian Bureau of Statistics — with annualised population growth slowing for the fourth consecutive quarter to 1.6 per cent.
In the year to March, Queensland had the third highest population growth (1.7 per cent) though Victoria was strongest (2.2 per cent) followed by the ACT (2.1 per cent).
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