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Population Growth Has Triggered Housing Demand

population growthTim Lawless for the investment strategy blog “Property Update” reports that housing demand has hit the highest mark in the last 3 years. This has lot to do with annual population growth hovering near 1.75% for the last quarter of 2012.

Population growth has piggybacked on overseas migration and natural increase (number of deaths subtracted by number of births). Lawless says that it is the overseas migration which has contributed as much as 60% to population growth in recent times.

He also offers a state-wise report which suggests that Tasmania and South Australia have been backbenchers in terms of population growth while Victoria and Queensland are among the toppers.

The Federal Budget and changes in labour quota is expected to bring down the overseas migration, believes Lawless.

You can read the original article here.

Do you think that the interstate flow of migrants will increase for Sydney this year?