Australian Immigration Daily News

• On Saturday, the West Australian reported Prime Minister Malcolm Turnbull is facing calls from within his party to give States the ability to raise their own income tax to help pay for new roads and services, amid warnings that cities face a ‘population shock’. Home Affairs Minister Peter Dutton said that this year Australia must reduce its intake of migrants where it was in the ‘national interest’ because some cities were overcrowded.
• The Canberra Times yesterday reported the number of millionaires entering Australia has surged to 7260 in the past year. Visa applications in the Business Innovation and Investment Programme, which includes investors with more than $1 million in business assets, jumped by 74 per cent in 2016-17.

Libs push for State income tax

The West Australian, Other, 07/07/18, Nick Butterly

Prime Minister Malcolm Turnbull is facing calls from within his party to give States the ability to raise their own income tax to help pay for new roads and services amid warnings that cities such as Perth face a ‘population shock’. […] Home Affairs Minister Peter Dutton said that this year Australia must reduce its intake of migrants where it was in the ‘national interest’ because some cities were overcrowded. Mr Dutton made the comments in response to a speech by NSW Liberal senator Jim Molan, who warned that cities were unable to absorb current legal migration levels.

No relevant coverage today.

Millionaire migrants pouring into Australia Millionaire migrants pouring into Australia

Canberra Times, Other, 08/07/18, Eryk Bagshaw

The number of millionaires streaming into Australia has surged to 7260 in the past year, new figures show, delivering a multibillion-dollar investment boost as Australia becomes the destination of choice for thousands of the world’s wealthiest individuals. The Department of Home Affairs data challenges claims that Australia’s high-income tax rate is discouraging international investors as an Asian-led millionaire boom drives investment in Sydney and Melbourne.

Millionaire migrants rewrite stereotypes

Sydney Morning Herald, Other, 08/07/18

The news that Australia is the preferred destination for US-dollar-millionaire migrants should be taken as a vote of confidence in our society, but it does come with risks. A NWWealth survey reported in today’s Sun-Herald shows that 10,000 high net worth individuals – those with assets over $US1 million ($1.35 million) – moved to Australia last year.

More than 7,000 millionaire migrants entered Australia in just a year – without having to pass an English test or education and employment checks

Daily Mail, Other, 08/07/18, Monica O’Shea

The number of millionaires entering Australia has surged dramatically to 7,260 in the past year. Applications for an investment visa increased by 74.4 per cent from 9,051 to 15,781 in the 2016-17 financial year, according to a Federal Government migration report.

A little discretion is needed from Reserve Bank governors

The Australian, Other, 06/07/18, Judith Sloan

Most economists would agree that making the Reserve Bank independent of the government has served us well. […] Let’s just focus here on the ­impact of immigration on housing prices, and recall that net overseas migration has been contributing between half and two-thirds of total population growth for more than a decade.

Children of migrant families do better at school – and we should think about why

Australian Financial Review, Other, 08/07/18, Julie Sonnemann

Children of migrant families in Australia consistently outperform their non-migrant peers at school. And new analysis using NAPLAN data shows schools with lots of migrant-background students not only achieve at higher levels, but they have higher growth over time, on average, too.

Welcoming Cities initiative officially launched in Launceston

The Examiner, Other, 07/07/18, Jessica Willard

A new initiative aimed at promoting cultural diversity and inclusion has officially launched in Launceston. Welcoming Cities is being rolled out across the state, in partnership with the Multicultural Council of Tasmania. Northern projects manager Grace Walsh said the program was aimed at supporting councils in attracting and retaining migrants to the state.