Labor opens international student floodgates

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The Albanese government claims it wants to reduce immigration to Australia. However, its actions on the international student front say otherwise.

Australia already has the highest share of international students and graduates in the world, accounting for 3.2% of the nation’s population as of Q3 2025, up from the pre-pandemic peak of 2.9%.

Student population share

However, the above chart doesn’t capture the many former international students sitting on bridging visas.

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Bridging visas

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.