Australian property in New South Wales will have to cope with strong growth in the coming decades, according to the latest predictions.
With many regional areas of New South Wales expected to "grow strongly" in the next 25 years, Australian property will have to increase in-line with demand.
Population projections from the Keneally government reveal that areas expected to show the biggest increase are Queanbeyan, Maitland, Palerang and Tweed.
"It's pleasing to see some of our inland and coastal areas are expected to experience strong growth, helping the state's regional economy," commented minister for planning Tony Kelly.
Areas of population growth are also expected in western and central Sydney, coastal areas and regions to the north and east of Canberra, he continued, putting pressure on Australian homes in these places.
The projections are based on an analysis of existing demographic trends and informed assumptions about expected future changes.
It is hoped they will enable government to know and plan for coming challenges, such as reversing decline in rural areas or meeting the needs of growing populations, Mr Kelly added.
Posted by Craig Francis
With many regional areas of New South Wales expected to "grow strongly" in the next 25 years, Australian property will have to increase in-line with demand.
Population projections from the Keneally government reveal that areas expected to show the biggest increase are Queanbeyan, Maitland, Palerang and Tweed.
"It's pleasing to see some of our inland and coastal areas are expected to experience strong growth, helping the state's regional economy," commented minister for planning Tony Kelly.
Areas of population growth are also expected in western and central Sydney, coastal areas and regions to the north and east of Canberra, he continued, putting pressure on Australian homes in these places.
The projections are based on an analysis of existing demographic trends and informed assumptions about expected future changes.
It is hoped they will enable government to know and plan for coming challenges, such as reversing decline in rural areas or meeting the needs of growing populations, Mr Kelly added.
Posted by Craig Francis
