Australia’s continuing population growth is placing continuous upwards pressure on demand for housing according to RP Data in their blog from last Friday.
The blog reports on figures just released to June 2012 and notes that Australia’s population increased by 1.8% over the 2012 calendar year. It also noted that 66% of Australia’s population reside within one of the eight capital cities.
Interestingly for anyone looking at Brisbane for their next property purchase, Queensland’s capital is home to 9.7% of Australia’s population, but is recording 12.1% of the nation’s population growth. The city is only beaten by Perth with 8.4% of the population and 18% of the growth.
Over the last 10 years, Brisbane achieved growth of 26.3%; again only beaten by Perth with 28.9%.