Friday, February 23 2018
Infrastructure Australia's Future Cities report release today has identified that Australia’s largest cities are facing a watershed moment in their growth and development.
In the coming 30 years the size of the Australian population will grow substantially. Between 2017 and 2046, Australia’s population is projected to increase by 11.8 million people. That’s equivalent to adding a new city, roughly the size of Canberra, each year for the next 30 years.
About 75% of this growth will occur in Sydney, Melbourne, Brisbane and Perth. With Brisbane expected to grow by 1.8 million (60,000 people a year) to 4 miilion over the next 30 years taking it to the size of Melbourne today.
Growth on this scale will transform these cities. A growing population is an exciting opportunity to increase our national economic prosperity and liveability. The potential benefits are immense.
In 2015-16 Australia’s four largest cities contributed just over 60% of our national Gross Domestic Product (GDP). Over time this contribution is expected to increase.
The growth and development of Sydney, Melbourne, Brisbane and Perth will create exciting opportunities
To meet the demands of population growth, these four cities must rapidly increase the delivery of well-located housing supply and ensure that housing remains affordable to a broad cross-section of the community. Each city will be required to plan for and appropriately locate an expanding jobs market.
60,000 people a year are going to need somewhere to live
And as a property investor your could capatilise on this growth. If you would like to do something about it then Click here to Book in for a FREE telephone appointment with me and we can talk about the steps you can take to become a property investor