Australia Forecast to Add Over 1 Million Migrants by 2028

By the end of this financial year, federal Treasury estimates a net migration rate of 305,000.

Australian Treasurer Jim Chalmers addresses the National Press Club in The Great Hall in Canberra, Australia on May 13, 2026. Hilary Wardhaugh/Getty Images

Over 1 million migrants are expected to arrive in Australia from this financial year until 2028, according to the latest budget figures.

The new numbers emerge as migration takes centre stage in the political debate, as well as concerns about its impact on housing affordability and local services.