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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! 
Posted on March 21, 2023

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