API Blog :: Have your say!

June 1, 2010

How will Australia’s easing population growth affect our property markets?


After two years of record population growth, Australia’s population boom is set to slow, according to a new study by economic forecasters BIS Shrapnel.

BY MICHAEL YARDNEY

It forecasts national population growth to slow to about 1.5 per cent in 2010/11 and 1.3 per cent in 2011/12 as net overseas migration slows.

This would be a drop from record highs when our population grew by 2.1 per cent for the year ending March 2009, the highest recorded since the baby boom era.

Considering that a large part of our recent property boom has been due to increasing demand, what does this mean for our property markets?

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