Late last year, representatives of business groups called on the government to raise the PR quota from 160,000 to at least 190,000, and in particular to restore the proportion of skilled migrants. From their perspective, a significant stimulus is needed to truly address Australia’s skills shortages,And it has started! Businesses and employers are calling for the migration quota to be raised to 190,000, with 2/3 allocated to skilled migrants. A population rebound will take years!
The latest exclusive analysis by KPMG shows thatnet overseas migration (NOM) needs to be raised to 350,000 per year, in order to make up for the collapse in overseas migration numbers during the pandemic,which would add an extra $120 billion to the economy and boost GDP by 4.4% by the end of this decade.
KPMG Chief Economist Brendan Rynne believes that this decade, which began in 2020,requires a more proactive approach to attracting migrants, to better serve the national interest.
Given that in the decade to 2019, net overseas migration added 10% to the population, if the federal government wants to achieve similar growth in the decade to 2029,total net overseas migration would need to reach approximately 2.56 million.
In their view, a substantial increase in net migration to 350,000 per year may seem “a lot”,but a ” Bigger Australia ” is ultimately in the national interest, bringing not onlyGDP growth,but investment, exports and consumption would allincrease, and output per capita would also rise,although this would have some impact on wage growth.
He also highlighted skilled migration — noting that the greatest benefit of migrants, and of skilled migrants in particular, is the fiscal dividend they bring to Australian communities,paying more in taxes over their lifetime than they receive in public services and welfare. He cited recent Treasury analysis: an average permanent resident provides a fiscal dividend of A$41,000 over their lifetime, with employer-sponsored migrants contributing even more, as they tend to be younger, earn higher incomes, and pay more tax.
Furthermore, areas such as western Sydney, Geelong, the Sunshine Coast and the Gold Coast — and even inland cities —still have considerable untapped potential.
As for those waiting for their visa to be granted, here is what they are really thinking:“All that said, could you just grant the visa first —never mind the imminent ‘contributions’ and ‘skills’…”
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Australia’s borders have reopened for a wide range of skilled visa subclasses,but visa processing speeds have still not improved…Some Chinese applicants have been waiting 3 years for a PR visa,with still no idea how much longer they will have to wait,according to official figures, as of August 2021 more than 12,000 people were waiting for their Subclass 190 to be granted. Many have been stranded overseas as a result, and even with the border now open, all they can do is wait, and wait, and wait.
On one hand, the government has said it will prioritise occupations that contribute to Australia’s economic recovery,but in practice processing priorities have been inconsistent,and constantly shifting — once a visa application has been lodged, there is virtually no way to follow it up or find out what is actually happening,leaving applicants deeply frustrated and confused.
HUANG, who is awaiting the grant of her South Australia Subclass 190, works in theteachingprofession, and has been stranded overseas since leaving Australia at the end of 2019,190the prolonged delay in her visa grant having left her ‘willing but powerless’ in her desire to contribute to Australia’s COVID recovery…
Zhang’sengineeringfield is also among Australia’s in-demand skills — having lodged his application in March 2019,189he has now been waiting overseas for 33 months…
Meanwhile,local employers are crying out for staff and desperately seeking skilled talent from overseas.
Kirk, head of Newstars’ Melbourne and Hobart offices and a registered migration agent,told ABC he hopes the government will take this issue seriously, respond to applicants who have been waiting so long, and support Australia’s economic recovery while meeting employer demand.
Scan the QR code below to view the full ABC news report
The TreasurerJosh Frydenberg
indicated that prior to next year’s election the government has no intention of introducing a more ambitious net migration target,with the focus remaining on reopening Australia’s borders to overseas migrants as quickly and safely as possible.
The Opposition Labor leaderAnthony Albanese
indicated there was no sign they would support a “Big Australia” policy — on the contrary,they would adopt an “Australians First” approachto fill job vacancies that are at their highest level in 13 years.
Economists view the matter through an economic lens, business owners through a commercial one, and applicants naturally through the lens of those who want to migrate. In the lead-up to next year’s election there will be many viewpoints, much data and plenty of analysis — the government will certainly hear and see all of it. But of course the government has its own perspective too, or rather the angle it prioritises most. For now, take note of these updates and quietly watch how things unfold.
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Subclass 190 Competition Intensifies — Many Subclass 491 Opportunities Are Within Reach! State-by-State Comparison Included
NSW Subclass 190 Opens to Offshore Applicants — Multiple Engineering and Trades Occupations Eligible! Accounting/ICT and Other Popular Fields Require 3 Years’ Work Experience!
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2021 Annual Summary and Outlook Across All Australian Migration Pathways!Click “Original Link”to view the video summary!
