Business
Population growth slumps to 15-year low as people leave Australia – Sydney Morning Herald
The coronavirus pandemic was expected to cut Australia’s population growth. New figures show it dropping to its slowest rate since 2005.
Annual growth slipped to 1.3 per cent, which was last recorded in the December quarter of 2005.
About 60 per cent of Australias population growth is driven by net overseas migration.
Through the June quarter, net overseas migration was minus 5877. It was the first negative quarter of net overseas migration since 1993.
NSW, which lost a net 2999 people to other countries, and Victoria which lost 1852 residents were the hardest hit by the turnaround in migration flows. Only South Australia and the…
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