Reported at independentaustralia.net: The Australian Treasury has revised its net migration forecast for 2024-2025, increasing it from 260,000 to 340,000 due to the strong labour market and ongoing sponsorship of new migrants.

The forecast indicates a decline in net migration for 2025-2026 to 255,000, with challenges in further reducing migration levels beyond that due to policy tightening implications and industry pushback.