Australia's ongoing population boom is creating opportunities as well as challenges.
During the September quarter Australia's residential population broke the 22 million mark. Fuelled by one of the highest population growth rates in the Western world, the number of Australian permanent residents was estimated to be 22,065,671 persons; 451,876 more than at the same time last year.
Population growth is an important indicator for the property market. At the macro scale, population growth is a default measure of housing demand.
Put simply, more residents equate to a larger requirement for housing.
The ongoing high rate of population growth is half of the reason why Australia has an ongoing shortage of housing and a booming property market.
Share This Article
Previous Articles
- April 2024 2
- March 2024 1
- February 2024 1
- November 2023 1
- October 2023 1
- September 2023 1
- August 2023 1
- July 2023 1
- June 2023 1
- May 2023 2
- April 2023 1
- March 2023 1
- February 2023 1
- January 2023 1
- December 2022 1
- November 2022 3
- October 2022 1
- September 2022 2
- August 2022 1
- July 2022 4
- June 2022 3
- May 2022 2
- April 2022 1
- March 2022 1
- February 2022 1
- January 2022 1
- October 2021 1
- September 2021 4
- August 2021 1
- July 2021 2
- May 2021 1
- April 2021 2
- March 2021 2
- February 2021 1
- January 2021 2
- December 2020 2
- November 2020 2
- October 2020 2
- August 2020 1
- May 2020 2
- April 2020 2
- November 2019 1
- October 2019 1
- August 2019 1
- July 2019 1
- June 2019 1
- May 2019 1
- February 2019 1
- January 2019 1
- October 2018 1
- September 2018 1
- July 2018 2
- June 2018 2
- May 2018 1
- April 2018 2
- March 2018 3
- January 2018 1
- December 2017 3
- November 2017 1
- October 2017 1
- August 2017 1
- July 2017 1
- June 2017 5
- May 2017 31
- April 2017 30
- March 2017 32
- February 2017 28
- January 2017 31
- December 2016 31
- November 2016 29
- October 2016 30
- September 2016 30
- August 2016 26