New data released by the Australian Bureau of Statistics (ABS) data indicates that over half of Australia’s permanent migrants own or are buying their own home.

“This is a wonderful demonstration of the Australian migrant experience and the success of Multicultural Australia,” Chairperson of FECCA, Mary Patetsos, said.

“This new data, showing that 54 per cent of permanent migrants own or are buying a home, illustrates the commitment of migrants to their new land and their determination to be an integral part of Australian society.

According to Ms Patetsos this financial investment in Australia is indicative of its multicultural society’s economic success story.

“It’s an illustration of how migrants’ hard work and ambition delivers economic growth, nation-building and social cohesion to our country,” the FECCA Chair concluded.