Reasons property values increase in the long term – Future Population Growth

While our population growth stalled through the pandemic, the government has now increased visas to skilled migrants and there are now forecasts of total population growth of about 1.5% or 400,000 per year.

That’s the equivalent of adding a city the size of Canberra every year!

Currently, Australia’s population is around 26.5 million people, and it’s forecast to grow to 30,000,000 people by 2030.

Most of these extra 3 and a half million people will live in our capital cities, in particular Melbourne, Sydney and Brisbane.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

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Jason Gwerder
Wednesday, 13 September 2023

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