Migrants sent $21 billion out of Australia in 2024. By Leith van Onslen at Macrobusiness.

A migrant remittance is simply money that a migrant worker earns in one country and sends to people in their home country.

Significant net migrant remittance outflows are an economic cost to the host country. They are a net leakage from national income, domestic demand, and the tax base. As a result, they weaken the economic and fiscal return from immigration.

Oh look, it’s getting much worse under Albanese. Two million people remitting A$10,000 a year each.