There’s been much talk about Australia’s booming population, particularly when it comes to our cities.
And while we are still growing, the final numbers from the Australian Bureau of Statistics (ABS) for population growth over 2013 reveal we grew less than anticipated.
Read more: Capital cities packing them in
There were 396,000 new residents over the 2013 calendar year; 9,300 fewer than the previous year.
NSW grew the most, luring 110,923 people, followed by Victoria with 107,916 newcomers, Queensland with 79,706, and Western Australia with 71,301.
The national population peaked in 2008, growing at 2.2%. The rate is now 1.7%, however despite a slowdown, we’re in no danger of losing warm bodies.
The natural birth rate for 2013 is 8.6% higher than the 10 year average and 19.1% up over the 30 year average.
Overseas migration is the largest contributor to population growth, tracking 16.7% above the ten year average and 78.6% above the 30 year average.
Read more: 23 million and counting
According to RP Data Analyst Tim Lawless, New South Wales and Victoria are attracting the most international migrants (71,446 and 62,337 respectively). Historically Western Australia and Queensland have drawn more overseas migration, but both these states saw a dip in numbers. WA was down 19.8% from 2012 and QLD down 19.1%.
“With population growth winding down we can expect some further easing of housing demand, both from a sales and a rental perspective,” said Tim Lawless.
“The slowdown seems to be most pronounced in the mining states of WA and QLD where population growth conditions have previously been the strongest.”
originally posted on realestate.com.au - click here to read more