https://www.dailymail.co.uk/news/money/article-13317021/Australia-100000-immigra...Australia hits worrying new milestone as more than 100,000 foreigners arrive in one month
for the first time ever - and housing crisis worsens
Monthly record of 105,460 migrants set in February
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.
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
'Australia's migration intake remains out of control, with promises to "normalise" arrivals in tatters,' he said.
'Combined with plummeting housing construction approvals, Australia is being set up for a disaster.'
Treasury's Mid-Year Economic and Fiscal Outlook forecast Australia's annual net overseas migration figure would moderate to 375,000 in the 2023-24 financial year.
But that is hardly happening, with 498,270 net arrivals in the year to February, covering permanent skilled migrants and long-term arrivals like international students.
A record 548,800 migrants arrived in the year to September, with the foreign influx making up 83.2 per cent of Australia's population increase.
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