Recent reports show that most of the permanent migrants who entered Australia between early 2000 and mid-2016 are purchasing a home or already owns a home.
Most of these permanent migrants hail from India and work in various sectors including entrepreneurship, human resources or as a marketing professional.
Mary Patetsos, the Chair of the Federation of Ethnic Communities’ Council of Australia, hailed the growing number of permanent migrants owning or purchasing a home in Australia as a show of their drive and willingness to be a part of the Australian community.
The report shows that 54 percent of the permanent migrants residing in Australia currently own, or are in the process of owning their own home.
Ms Patetsos lauded this statistic, saying that it was an illustration of the fact that social cohesion, nation-building and economic growth are guaranteed as a result of the hard work and the ambition of the permanent migrants.
The only stream of migrants lagging behind in this regard is the humanitarian stream, where more than 60 percent of the migrants are still living in rented houses.
Elsewhere, the 2018 report by the Treasury and Department of Home Affairs has revealed that before 1995, most of the immigrants had low skill levels.
In comparison, the current migrants are better skilled than their pre-1995 counterparts and have accounted for the creation of new jobs.
According to the report, about two in three new jobs created over the past five years have been a direct result of skilled migrants moving to Australia.
However, the arrival of such skilled migrants has done no harm to local workers, according to another research.
The findings of this research state that over the period 2000 to 2011, local workers were neither helped nor harmed by the arrival of skilled migrants.