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Years in Business

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Countries

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Remittance Corridors

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Why money transfers matter in Australia

1 000 000

Over a million Aussies live overseas

Over a million Aussies live overseas, creating an ever-growing demand for international money transfers into Australia.

8 500 000

Australia’s foreign-born population is estimated at more than 8.5m

Australia’s economy is growing

Australia is one of the world’s most stable advanced economies.
Australia’s foreign trade exceeds $1tn a year.
The Australian economy is propelled by emigration and immigration.

Australia is home to a diverse population, with top countries of birth including England, India, China, New Zealand, and the Philippines.

Remittance Trends and International Investments in Australia

Foreign-born workers in Australia regularly send money home. The AUDINR and AUDPHP currency pairs are particularly common for international money transfers.
Significant international investment in Australian real estate, accounting for billions annually, also drives the need for affordable, fair, and fast international transfers.

MoneyTransferAustralia Media Spotlight

The massive surge in remittances reflects Australia’s unprecedented migration intake, with families sending billions back to support relatives overseas.

Sky News Australia

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Money Transfer Australia also found which migrant communities in Australia sent higher amounts abroad.Israelis topped the list, sending a substantial $35,960 per migrant last year.

The Courier Mail

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“It’s safe to say that the bigger our overseas-born population, the more Australian money is being sent overseas,” Money Transfer Australia editor-in-chief Russell Gous said in a statement.

News.com.au

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Money Transfer Australia’s analysis noted that India tops the global remittance charts and is also Australia’s largest recipient.

The Epoch Times

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The $38.2 billion figure represents a significant milestone in understanding Australia’s role in global remittance flows.

The Advertiser

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This unprecedented level of remittances demonstrates the strong economic connections migrants maintain with their home countries.

Herald Sun

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Learn More

Explore our essential money transfer guides

Free Trade Agreements

While Australia’s FTAs have boosted trade, it’s the migration networks and investment ties they foster that primarily drive remittance flows.

Remittance Winners and Losers

Australia’s remittances reveal surprising winners and losers across migrant communities and global economies.

Taxes on Bringing Money to Australia

Understand the tax implications and requirements for sending and receiving international funds in Australia.

SWIFT and Correspondent Fees

Understand how SWIFT works, including correspondent fees, and gain insights into the costs involved in international transfers using the SWIFT network.