Population Growth in Oz back to prepandemic levels

Australia’s #population is now growing faster than pre-pandemic levels.which should positively impact our #property markets and economy.

• Population growth results increases in property prices .  Recent research from Domain found that when the national population increases 1%, long-term cumulative house prices increase by 8.18%.

• Population growth will benefit property #investors – there will now be more people competing for rental accommodation, which will put upward pressure on rents.

• Population growth will benefit business  – by making it easier for them to find staff.

Thanks Christian Stevens for the heads up!