PHOTO: Population growth

EXPERT OBSERVER: Moves to slow permanent migration to Australia took some effect across recent quarters. The natural increase of the population was a bit higher over the 2019 financial year at +142,600. And net overseas migration of +238,800 was just +100 higher than it was in the prior year.  Overall, population growth in FY 2019 was therefore only modestly higher year-on-year at +381,600 (FY 2018: +380,800). 

  The rampant population growth of a few years ago has therefore eased a little, although levels of growth do remain very strong. 

South-east Queensland as a destination continued to dominate the interstate moves over the financial year, while net interstate migration to Victoria has now calmed down a little.