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Australia has Record Growth Population Forecasts

Monday, April 07, 2014

 

At the same time that building starts were dropping Australia’s population was growing at the fastest rate in 200 yrs*. In fact, our population is predicted to grow by 350,000 people per annum*.

(* Australian Bureau of Statistics)

Australia is predicted to grow at a rate of 65% well above the global average, a survey by the Washington based private research body, the Population Reference Bureau. 

This puts Australia’s growth rate at second only to India.  

Why is this?

1)      Migration:

I am no economic expert but many I have talked to have commented that the GFC has rapidly escalated the number of people wanting to migrate to Australia.  The old adage of Australia being the ‘lucky country’ has become a ‘world-wide’ slogan.  Australia was one of the only countries to escape a recessions.  Actually, oops I think Prime Minister Rudd announced a recession for only a few days.  During the GFC that crippled many countries, Australia continued to grow at a rapid rate.  In addition, a factor that strikes at the heart of many Australians is that Australia is coined to become ‘the resource hub’ of the new world.  Australia’s natural resources are in ample supply and whether we like it or not, we are a target for a continued resource boom. 

The final verse of Australia’s Anthem makes it clear that migration is a fundamental part of Australia’s mindset.

For those who’ve come across the seas
We’ve boundless plains to share;
With courage let us all combine
To Advance Australia Fair.

(Advance Australia Fair)

2)      Increasing birth rate:

 

Australia’s birth rate is on the increase for the first time since the post-war migration baby boom saw it explode in the 50’ and 60’s. 

According to (Reuters – Aug 6, 2010 (Canberra)) - Australia's birth rate has hit a 25-year high, and government has urged "have one for mum, one for dad, and one for the country".

And further increases in the birth rate could worsen the problems of an ageing population, driving new mothers out of the workforce and reducing the tax base, the nation's productivity watchdog said.

"Much of the recent increase in the fertility rate is likely to reflect the fact that over the last few decades, younger women postponed childbearing and many are now having those postponed babies," Productivity Commission author Ralph Lattimore said.

Australia's 21 million population was boosted by 285,000 births in 2007, the highest level in 25 years, and up from 261,400 births in 2005.

The population is expected to hit 31.6 million by 2050, driven to a small extent by the higher birthrate and almost 10 million new immigrants.

3)      Increasing health and longevity

Australia is well known for its healthy and active lifestyle, clean living and fresh, open air spaces.  Coupled with our reasonably good health system and we have Australian’s living longer. 

According to www.aag.asn.au/filelib/Economic_implications_of_increasing_longevity

The Life expectancy at birth has been steadily increasing.

 

Male

Female

1970-72

67.8

74.5

1980-82

71.2

79.3

2004-06

78.7

83.5

2056 Low

85

88

2056 High

93.9

96.1

 

The above facts combined are seeing our population rate continuing to escalate. Whether it’s a good thing, or a bad thing, it just is.  The good news is that it provides a fundamental support system for continuing house price rises.

Do you want to know more? Click here to watch five free webinars on - ‘Proven, Must Know, Property Investment Advice’

Chinese Investors Flocking to Australia

Monday, October 28, 2013

Chinese buyers are showing strong interest in the Gold Coast property market and are willing to pay a premium, adding pressure to an increasingly heated local market.

Gold Coast real estate agents report the number of sales has doubled in recent months with properties fetching tens of thousands of dollars more than the expected price.

Asian investors are spearheading the interest with many being bought by Chinese investors, sometimes sight unseen. When Chinese buyers see what they want, they are willing to pay a premium.

One agency has sold more than $30 million worth of property this month, including nine homes in just three days. One Currumbin property sold for 26% above reserve last month while Chinese buyers snapped up 50 properties.

It's the strongest month the Gold Coast has ever seen - it is up about 50% on previous months. About 15% buyers of buyers at Gold Coast  are currently Asian. And the Gold Coast is within the Top 3 areas of interest in Australia.

Gold Coast sales to Chinese this year are up by about 50% this year and it keeps gaining momentum. The Chinese do their research and when they can see the capital growth prospects, they buy.

Another agency has said that enquiries from South-East Asians had tripled in the past six months, with Chinese investors showing strong interest in off-the-plan developments.

According to the AFR, Chinese property listing website AC property is showing that the most searched for Australian cities for Chinese buyers are Sydney, Brisbane, Melbourne and Gold Coast, in that order.

 

By Catherine Smith

Record Population Growth Forecasts

Friday, June 28, 2013

At the same time that building starts were dropping Australia’s population was growing at the fastest rate in 200 yrs*. In fact, our population is predicted to grow by 350,000 people per annum*.

(* Australian Bureau of Statistics)        

Australia is predicted to grow at a rate of 65% well above the global average, a survey by the Washington based private research body, the Population Reference Bureau. 

This puts Australia’s growth rate at second only to India.  

Why is this?

1. Migration:

I am no economic expert but many I have talked to have commented that the GFC has rapidly escalated the number of people wanting to migrate to Australia.  The old adage of Australia being the ‘lucky country’ has become a ‘world wide’ slogan.  Australia was one of the only countries to escape a recessions.  Actually, oops I think Prime Minister Rudd announced a recession for only a few days.  During the GFC that crippled many countries, Australia continued to grow at a rapid rate.  In addition, a factor that strikes at the heart of many Australians is that Australia is coined to become ‘the resource hub’ of the new world.  Australia’s natural resources are in ample supply and whether we like it or not, we are a target for a continued resource boom. 

The final verse of Australia’s Anthem makes it clear that migration is a fundamental part of Australia’s mindset.

For those who’ve come across the seas
We’ve boundless plains to share;
With courage let us all combine
To Advance Australia Fair.

(Advance Australia Fair)

2. Increasing birth rate:

Australia’s birth rate is on the increase for the first time since the post-war migration baby boom saw it explode in the 50’ and 60’s. 

According to (Reuters – Aug 6, 2010 (Canberra)) - Australia's birth rate has hit a 25-year high, and government has urged "have one for mum, one for dad, and one for the country".

And further increases in the birth rate could worsen the problems of an ageing population, driving new mothers out of the workforce and reducing the tax base, the nation's productivity watchdog said.

"Much of the recent increase in the fertility rate is likely to reflect the fact that over the last few decades, younger women postponed childbearing and many are now having those postponed babies," Productivity Commission author Ralph Lattimore said.

Australia's 21 million population was boosted by 285,000 births in 2007, the highest level in 25 years, and up from 261,400 births in 2005.

The population is expected to hit 31.6 million by 2050, driven to a small extent by the higher birthrate and almost 10 million new immigrants.

3. Increasing health and longevity:

Australia is well known for it’s healthy and active lifestyle, clean living and fresh, open air spaces.  Coupled with our reasonably good health system and we have Australian’s living longer. 

According to www.aag.asn.au/filelib/Economic_implications_of_increasing_longevity


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