Australian population trends
Prior to the COVID-19 pandemic, migration had overtaken natural increase as the dominant component of population growth.
Over the last couple of years, owing to COVID related border closures, Australia's population growth has slowed considerably. As a result, the Commonwealth Treasury estimated population growth in the budget to be 0.1 percent which is much lower than the previous year's 1.5 percent (as at Jun 2022 this figure is 1.13.)
The Treasury Intergenerational Report - a five yearly deep dive on the demographic profile of Australia - forecast that one of the biggest effects of the pandemic would be a lower population growth, and smaller population that would occur as a result.
The following statistics in Part One: People are sourced from the ABS net overseas migration data, and count actual people coming and going from Australia.