The Australian population continues to grow, according to the latest figures.
Australian property is in increasing demand as the population continues to grow.
Figures from the Australian Bureau of Statistics have revealed that the country's population reached 22,066,000 by the end of September last year, an increase of nearly half a million people over the previous year.
This saw the growth rate maintained at 2.1 per cent.
Two-thirds of the growth was due to net overseas migration, with the other third because of natural increase in terms of births over deaths.
Western Australia saw the biggest population growth of 2.9 per cent, followed by Queensland at 2.7 per cent and the Northern Territory at 2.3 per cent.
All states saw increases in population, although Tasmania's was the smallest at one per cent.
The growth will put increasing pressure on the Australian property market, as experts have already warned that new home builds are behind schedule and not keeping up with demand.
Posted by Craig Francis
Australian property is in increasing demand as the population continues to grow.
Figures from the Australian Bureau of Statistics have revealed that the country's population reached 22,066,000 by the end of September last year, an increase of nearly half a million people over the previous year.
This saw the growth rate maintained at 2.1 per cent.
Two-thirds of the growth was due to net overseas migration, with the other third because of natural increase in terms of births over deaths.
Western Australia saw the biggest population growth of 2.9 per cent, followed by Queensland at 2.7 per cent and the Northern Territory at 2.3 per cent.
All states saw increases in population, although Tasmania's was the smallest at one per cent.
The growth will put increasing pressure on the Australian property market, as experts have already warned that new home builds are behind schedule and not keeping up with demand.
Posted by Craig Francis
