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Say it remains at 190k every year, year on year, it is always going to decrease every year when compared to the population. But to answer your question, mostly as a number, I think. 190k ? Uhm, ABS site, shows the net overseas migration at more than 212k. Highest number flocking to NSW.

I am no guru but I was thinking about this the other day. I don't think the Sydney market will stop anytime soon. Immigration is at an all time high. High visa fees isn't deterring people from emigration. I would think most immigrants from third world countries have inherited a lot of wealth...