- 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
Adelaide’s Growth Curve Is Steepening
Adelaide has entered a new phase of its property cycle, and the data confirms it. According to the Office of the Valuer General, the median house price in metropolitan Adelaide reached $925,000 in the December 2025 quarter. Twelve months earlier, it was $850,000. That represents a $75,000 increase in one year,...
- 12 February 2026
Stop Overthinking Refinancing
By Joe Linco, Club Broker at Property Club When the Reserve Bank of Australia raises interest rates, most borrowers react the same way. Repayments go up, pressure increases, and the issue gets parked for later. That pause is often what costs the most. After the most recent RBA rate rise, many homeowners and property...
- 11 February 2026
Why the February RBA Decision Matters More Than the Headline
With the Reserve Bank of Australia heading into its February interest rate meeting, borrower attention is back on rates, repayments and loan structures. Recent economic data has shifted expectations, and uncertainty is now the dominant theme. Inflation has proven slower to cool than anticipated, and that has placed...