ABC Four Corners had a fascinating show on the other day titled : Big Australia: Are We Ready?
Whichever side of the fence you sit on, whether you agree or disagree with a 'big Australia' - the most recent facts from the Australian Bureau of statistics (ABS), show that Australia's population could reach up to 70 million people by 2101!
Let alone as per the graph above, the 50% increase in our population in the next 30 odd years!
So, with increasing demand for property and less supply coming on board, there will continue to be a very strong platform with our property markets moving forwards, keeping in mind, that with most of our population in the mainland and close to our coast - this will continue to be good for our capital cities.
Low mortgage arrears shows housing market unlikely to collapse: Westpac
Westpac’s Housing Pulse Report for 2018, shows :
Have a great weekend and catch you next week!
Warm Regards, Troy Gunasekera
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