logo
Send My Bag records drop off in Aussie students choosing the US for study

Send My Bag records drop off in Aussie students choosing the US for study

West Australian2 days ago
Aussie students are ditching the US as a place to study in a dramatic backlash against Donald Trump's escalating visa crackdowns, according to new data.
Send My Bag, a UK company that ships luggage across the world, recorded a 34 per cent slump in quotes for shipping from Australia to the US in June and a sustained 20 per cent drop in relocation to the US since May.
Send My Bag CEO Adam Ewart said the turn away from America had been propelled by the US President's May crackdown on international students.
'Our data shows that when President Donald Trump began scaling up executive orders in April, interest in relocating to the US started to slow,' he said.
'But it wasn't until his May 27 crackdown on international students, pausing visas and resuming them with tougher screening, that Aussies were really spooked.
'From that point, relocation interest in the US fell off a cliff.
'We saw a 34 per cent drop in quotes for moving from Australia to the US in June alone.'
The figures come from Send My Bag's anonymised quote request data.
The platform processes thousands of relocation and travel inquiries each year.
When booking, customers select their reason for shipment - for example relocation, studying abroad or holiday - allowing the company to isolate international student moves from other categories.
Aussies are now choosing Europe over America, Mr Ewart said.
'The appetite to move abroad hasn't gone away - it's just shifted,' he said.
'We're seeing a surge in interest for Europe, particularly the UK, Ireland and even Norway, where demand has doubled.
'That tells us Aussies are still eager to spend extended periods overseas, just not in the US.'
Aussie holiday-makers are also shunning the US, with recent Australian Bureau of Statistics data revealing a stark fall off in visitor numbers to the vast and vibrant North American democracy.
Overseas arrivals and departures data shows the US fell from Australia's third to fourth most popular travel destination across 2024-25.
Travel to America is now 25 per cent lower from 10 years ago, the ABS said.
China, meanwhile, rose two spots to fifth place, even as the government recommends travellers exercise a 'high degree of caution' when visiting the Communist country.
More restrictive US trade and entry policies, introduced following Mr Trump's victory in November last year, could be dampening Australia's traditional American wanderlust.
In a trading update from July, travel booking company Flight Centre warned of an 'ongoing global downturn in bookings to the US' and said Australian holiday-makers were searching for destinations closer to home.
'This volatility temporarily disrupted traditional travel and booking patterns during Flight Centre's peak trading period as some customers either booked closer-to-home overseas holidays (in Australia, examples include China, Japan, Fiji and New Zealand) or delayed finalising travel plans,' the company said.
The $2.8bn company delivered a reduced profit forecast as a result of the disruption in traditional travel patterns.
While travel to the US declined, Indonesia held steady as Australia's most popular travel destination.
The northern neighbour, which boasts the tourism crown jewel of Bali, accounted for 14 per cent of Australian overseas trips across the year.
Some 87 per cent of the 1,741,370 trips recorded to Indonesia were for holidays.
New Zealand came in second place, Japan third, the US fourth and China at No.5.
Trips to Japan have tripled compared with 2015, while trips to India have doubled.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Majority of Aussies living in homes that are 'too big', report finds
Majority of Aussies living in homes that are 'too big', report finds

9 News

time2 minutes ago

  • 9 News

Majority of Aussies living in homes that are 'too big', report finds

Your web browser is no longer supported. To improve your experience update it here Up to 60 per cent of Aussies either live on their own or with just one other person, but the bulk of houses in Australia have three bedrooms or more, a study from Cotality shows. The reasons for Aussies wanting larger homes include the desire to have a home office as work from home rises, as well as having a spare bedroom for visitors. Despite most housing having three bedrooms or more, it is clear most households have no more than two people in them. (Supplied/Cotality) Houses have also become larger over time; as the urban sprawl pushes new developments further away from urban centres, homeowners prioritise features such as home gyms and home theatres. However, it could cause inefficiencies in how housing is allocated across the country, exacerbating the housing crisis that has gripped Australia. "When most Australians picture the 'Great Australian Dream', they see a family with kids in a three or four-bedroom house. But data shows that dream does not match reality," Eliza Owen from Cotality said. "Couples without children and people living alone make up the majority of households, raising questions about how well our housing market is serving real demand." (A Current Affair) One-bedroom and studio homes make up just six per cent of Australia's current housing stock. Despite this, there is some change beginning to be seen; the share of units and dwellings other than houses has risen to 40 per cent, which would provide a more appropriate housing option for smaller households, according to Owen. She said governments need to take more action to help stimulate change, however. "Governments could make it more expensive to have more housing than you need, and cheaper to live in smaller housing," she said. "Many advocate for tax reform like abolishing stamp duty - which makes it cheaper to move housing - and replacing it with a broad-based land tax, which raises costs the more land you own." housing Australia national Economy Politics CONTACT US

Major bank's huge backflip on AI job cuts
Major bank's huge backflip on AI job cuts

Perth Now

timean hour ago

  • Perth Now

Major bank's huge backflip on AI job cuts

Commonwealth Bank has sensationally reversed its decision to cut dozens of call centre roles that were to be replaced by AI, but the 'threat remains' a union warns. Last month, the big-four bank announced it would cut 45 customer service roles and replace them with its new AI-powered 'voice bot' in an effort to reduce call volumes. Under the proposal, the voice bot would reduce call volumes by 2000 calls a week. Instead, call volumes climbed, with management scrambling to offer overtime and pulling in team leaders onto the phones. CBA will rehire previously sacked staff. NewsWire / Glenn Campbell Credit: News Corp Australia On Wednesday night, CBA backflipped on the decision to cut staff in the call centre. Financial Sector Union national secretary Julia Angrisano called CBA's decision a massive win for workers but said the threat to jobs remained. 'CBA has been caught out trying to dress up job cuts as innovation,' she said. 'Using AI as a cover for slashing secure jobs is a cynical cost-cutting exercise, and workers know it.' According to the union, this case is just the tip of the iceberg and has warned that more so-called 'efficiency measures' dressed up as AI or digital transformation are already in play across the sector. 'Our members want to be part of the conversation about how new technology is used in banking,' Ms Angrisano said. 'They want secure jobs today and the training needed for the jobs of the future, not to be discarded under the guise of efficiency.' At the time of the job cuts announcement last month, a CBA spokesman told NewsWire the bank had hired more than 9000 people in the 2025 financial year and was investing more than $2bn in their operations. 'To meet the changing needs of our customers, like many organisations, we review the skills we need and how we're organised to deliver the best customer experiences and outcomes,' the spokesman said. The big-four bank says call volumes went up. NewsWire/ Gaye Gerard Credit: News Corp Australia On August 13, CBA announced its full-year results with a bumper $10.25bn profit. The bank announced cash profits rose by 4 per cent through the year to June, with the banking giant benefiting from lowering bad debts and growth in its business loan sector. The bank's net interest margin, which is a key sign of profitability as it compares the cost of funding with what it can charge for loans, rose to 2.08 per cent. CBA chief executive Matt Comyn said while some Aussies were still struggling with cost of living, households overall remained resilient. 'Pleasingly, many households have seen a rise in disposable incomes due to the recent relief from reduced interest rates, lower inflation and tax cuts,' he said.

Dot-com deja vu or small-cap revival?
Dot-com deja vu or small-cap revival?

Sydney Morning Herald

time2 hours ago

  • Sydney Morning Herald

Dot-com deja vu or small-cap revival?

It seems the good people at Bank of America hold a different view to Dollar Bill's recent small-cap cheerleading. According to charts and data just trotted out by BoA Global Research chief strategist Michael Hartnett, we've marched back to the dot-com peak on multiple metrics. The price-to-book ratio has climbed to 5.3 - the dot-com high was 5.1- the forward price-to-earnings ratio is near record levels, and the Shiller CAPE metric – which calculates the cyclically adjusted price-to-earnings ratio - is flirting with territory that preceded collapses in 1929, 2000 and 2021. If the charts are to be believed, we are again on the precipice of history and in danger of crashing back through that memory hole – but Dollar Bill is not quick to agree. Start with tech: half the US S&P is made up of AI and other megacap companies - think giants such as Nvidia - which are not just surviving, but thriving. And they are punching out big earnings, unlike the vapourware hucksters of the Y2K era. Howard Marks, the doyen of market sense and founder of one of the world's largest distressed securities investors, Oaktree Capital Management, doesn't think the Magnificent Seven are overvalued. He believes the problem lies elsewhere and points to the rest of the market, which has lost touch with profit and discipline. Throw in Rick Rieder, the BlackRock bond lord, who says, 'we're in the best investing environment ever'. Reider points to record buybacks, mountains of idle cash waiting to be deployed, sturdier earnings and the possibility of 100+ basis points of rate easings still to come. For small caps, this is not just encouragement - it's a lifeline. Still sceptical? Marks recently revisited his memo, which offered a seminal dot-com warning that made him famous. He has now added a smart addendum: yes, we have froth, but not the mass hysteria that precedes true market blows. If Wall Street's big hat brigade can't all agree the sky is falling, what about Down Under, particularly in the local small-cap land? Top-ranked Australian boutique fund manager Maple-Brown Abbott is calling 2025 a 'golden age' for Aussie small caps. Between better gold prices, reduced cost pressures and rising cash flows, they say our scrappy juniors are quietly shifting from laggards to leaders on the Small Ords. The gold miners alone are carrying more weight in the index.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store