Tuesday, March 25 2014
Last year Australias population grew by almost 400,000 people mainly due to overseas migration. Contrast that to other developed nations - we are growing at around 1.8% per annum USA (0.8%); UK 0.6%; Canada 1%; China 0.6%
Our population is likely to grow by 10% over the next 5 years which means around 2.3 million more people will need somewhere to live.
That’s an awful lot of houses and apartments.
The latest Australian Bureau of Statistics (ABS) national population growth projections suggest our population is likely to double in the next 62 years.
Currently 57.3% of Australians live in our four big capital cities – Sydney, Melbourne, Brisbane or Perth but if the ABS population projections pan out, by 2061 65.8% of the total national population will live in our four big capital cities – Sydney, Melbourne, Brisbane and Perth.