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?
