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Australia's Population Boom: Implications for Property Investors
The latest data from the ABS shows that Australia has experienced its fastest population growth since 2008, with a total increase of 1.9% (496,800 people) in the past year.
This is the largest population increase on record! And overseas migration has been the major contributor to this growth, resulting in a net boost of 387,000 people.
In this video, our Managing Director, Domenic Nesci, highlights the importance of paying attention to population trends for property investors. While population growth may not affect premium property markets significantly, it has a significant impact on more affordable areas and regions with new development projects.
By tracking population growth and real estate demand in specific locations, investors can make informed decisions about property investments.
If you want to learn more and gain further insights into the property market in Australia book a free meeting with our team today: