Population Surge Will Continue To Underpin Hot Property Markets

Population Surge Will Continue To Underpin Hot Property Markets

Australia’s population is now almost 24.7 million following its fastest rise in nine years according to recently released ABS figures.

While the ABS only measures permanent residents, UBS suggests it’s really “people growth” which takes into account net short-term arrivals for education and employment that matters.

On that measure, Australia’s “people growth” is at a record high of 3.5 per cent. Great news for our property markets!

Consumer confidence rises to one-year high, optimists outweigh pessimists

This is on the back of the general improving economy and labour market, as the monthly survey by Westpac and the Melbourne Institute found that consumer sentiment rose 3.6 per cent this month to 101.4 points

Great Perth Property Options!

Scarborough Beach is one of Perth’s most iconic beaches, sitting just 14km from central Perth. Backed by $30million from the State Government and $27.4million from the City of Stirling, the project aims to create one of Australia’s best beachfront destinations. The area is undergoing exciting growth and development. Not only is the refurbishment of the beach front underway with its variety of lifestyle attractions, boutique apartment living is continuing to flourish in the suburb. This unique contemporary development, with its exciting street appeal, is ideally located within walking distance to a variety of shops and only minutes away from the much-loved white sandy shores of the iconic Scarborough beach.

Built to an exceptional standard with quality finishes inside and out, this is the ideal investment for discerning buyers looking for affordable and unique coastal living. Fully turn-key completion so you can simply hand over the keys to your enviable tenant! This development is located in one of Scarborough’s most convenient areas, the perfect location to call home.

Click here for further information and contact your Property Mentor for further information!

Have a great weekend and catch you next week!

Troy Gunasekera

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