24 Million Australians – Maybe we do Need More Investment Property!
At roughly 12.51am on Tuesday 16 February 2016, the Bureau of Statistics’ population clock ticked over to mark the milestone of a 24 million population in Australia; 24 Million Australians Need Housed so maybe we do need more property investment. It gave me some thought for this great vast land – with just another 9 million people, the whole population of Australia will be almost as large as that of the single city of Tokyo Yokohama! On the other hand, we are now sitting with nearly 7 million persons more than the cities of New York, San Paulo, Seoul and Mexico City which all boast a population of more than 17 million people!
Full story: http://goo.gl/IQCu6r
It is quite an amazing figure which gives us one of the highest population growths in the world and much of this is coming from new migrants. It is estimated that around 50,000 new migrants landed in Queensland alone last year. The vast majority of these would have settled in Brisbane and the South-East Corner. At an average of 3 persons per household, the new migrants alone would require in excess of 13,000 new homes. Even with all the construction of units going on in some parts of Brisbane, I think we are still a way off looking at any oversupply.
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