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Greetings all valued migration agents,
We would like to kick off our first publication of the year with Migration Alliance through the introduction of our migration agent support services and also by sharing our observation of the trends affecting the migration industry.
First and foremost, we bring some good news to all migration agents (you will hear this first through Migration Alliance!) – our marketing team has brought to our attention a couple of news and global market research publications that the international education industry in Australia is set to be one of the top growing industries in 2016!
In trade figures released on Wednesday February 3rd 2016, the Australian Bureau of Statistics (ABS) said total spending by international students in Australia – including course fees, accommodation, living expenses and recreation – was $19.2 billion in 2015, up from $17 billion the previous year.
These trade figures by the ABS are supported by research findings conducted by an international market and industry research organisation – IBIS World. Their report showed that revenue in the university and other higher education industry is expected to grow at a compound annual rate of 4.6% over five years from 2015-16, to reach $29.6 billion by 2021.
“International student enrolments grew by 8.1% in 2014, driven by preferable student visa arrangements and a depreciation of the Australian dollar,” said IBIS World senior industry analyst Spencer Little.
This is excellent news for the Australian migration industry as it indicates a very likely need for migration advice and professional services. Perhaps it is now more worthwhile to look into promoting your Graduate visa migration services?
Sources:
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