- 23 December 2019
A New Year and new decade awaits!
Well, here we are, the end of another year and decade!
Exciting times moving forwards, with population growth at the forefront of our residential property market recovery and therefore wealth.
The federal government just released its Mid-Year Economic and Fiscal Outlook (MYEFO).
https://budget.gov.au/2019-20/content/myefo/index.htm
One of the interesting pieces of information was about population growth buried in the 397 pages of the report.
https://budget.gov.au/2019-20/content/myefo/download/MYEFO_2019-20.pdf
It confirmed that population growth is assumed to average around 1.7% per year over the forecast period.
So as our population is currently around 25.5 million that adds up to 400,000+ population growth per annum.
https://www.abs.gov.au/AUSSTATS/abs@.nsf/Web+Pages/Population+Clock?opendocument&ref=HPKI
Taking into account that building approvals are only at around 13,000 per month, what does that tell you about the demand for our properties moving forward?
https://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0
Great positives to go into the new year and decade with.
Have a safe and wonderful festive season, looking forward to catching up in the New Year and decade!
Property Club is at the forefront of the best properties in the best areas, best placed for this capital growth upswing - make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great properties available for Club members!
Troy Gunasekera
National Manager
Related Posts
Sydney Property Is Back — And The Smart Money Knows It
For years, the talk has been that Sydney is too expensive, that the best time to buy has passed, and that the market will cool. Yet history shows Sydney never stays quiet for long. After the Reserve Bank’s first interest rate cut earlier this year, buyer activity lifted and clearance rates rose above 70 per cent...
Brisbane’s Global Moment: Why Investors Should Look North
Brisbane is no longer the quiet achiever of Australia’s property market. It has emerged as the nation’s fastest growing capital city, outpacing Sydney, Melbourne and Perth on key economic and demographic fronts. For property investors, this is more than a local story, it is a global one. A Population Boom with...
Are You Overpaying on Your Mortgage?
When was the last time you actually looked at your loan structure? Not just the interest rate flashing on your statement but the whole picture. The difference between a mortgage that drains you and one that frees you up comes down to structure. In a cost of living crunch, that difference matters. The Silent Money...
- 17 September 2025