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In late September, the Australian Bureau of Statistics (ABS) released data for the 12-months (March ’16 - March ’17) population change for each Australian capital city. Population growth is one of many drivers of property prices - everyone needs shelter and a place to live, right?
Here are the percentage increases per state:
- Victoria: 2.4%
- Australian Capital Territory: 1.8%
- New South Wales: 1.6%
- Queensland: 1.6%
- Western Australia: 0.7%
- South Australia: 0.6%
- Tasmania: 0.6%
- Northern Territory: 0.1%
- Other Territories: 1.6%*
As we can see, Victoria is charging ahead with a 12-month increase of 2.4%, followed closely by the ACT with an increase of 1.8%. Overall, Australia’s population grew by 1.6% during the 12 month period.
Milk Chocolate was founded seven years ago by Richie Ragel and Michael Cleary, to purchase residential and commercial property in Australia on behalf of our clients, looking for a home or investment property. To see how we can help you get in touch here.
Source: Australian Bureau of Statistics
*Jervis Bay Territory, Christmas Island, the Cocos (Keeling) Islands and Norfolk.
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