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In the lead-up to December’s Q2 population release from the Australian Bureau of Statistics (ABS), several key data sets were pointing to rebounding net overseas migration (NOM).
First, the Q3 national accounts, released just a few weeks prior in early December, showed that Australia’s population growth had rebounded:
Second, the civilian (15-plus) population data released by the ABS had been rising since March 2025:
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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.