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Folkestone: The Shifting Tides of Australia’s Population Growth
- Published April 01, 2016 1:22PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Population is a key driver of demand for real estate – whether it is residential or non-residential (office, retail, industrial, medical, seniors living etc.). Therefore, tracking population growth and movements is critical in assessing where the demand for real estate is likely to pick-up or fall-away. Population growth also has significant implications for our economic growth profile and the size and shape of our cities.
A Realignment of the Growth Drivers
The latest population statistics from the ABS confirm the transition of the Australian economy after the mining boom is well underway. Victoria is now Australia’s number one population hotspot, gaining an extra 102,311 residents in the year to September 2015, knocking NSW, which grew by 102,243 residents from the top spot.
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