As we know, population increase or decrease in a town or city is a fantastic macro indicator when researching the performance of property prices and future growth or decline – a combination of new births, deaths, interstate and overseas migration.
Sydney is suffering a growing exodus of residents to Melbourne, Brisbane and Hobart but continues to see its population expand by almost 2000 people a week because of immigration. Confirming its status alongside Melbourne as the nation’s traditional entry points for new residents, Sydney saw more than 18,000 people leave the city in 2016-17 for other cities and regions. Jacob Greber, The Financial Review
As always, the devil is in the detail here with Melbourne and Brisbane being the big winners overall with Adelaide and Darwin having a population decline.
Economy and jobs play a big part in this.
If you look at the top 10 regions across Australia that have increased the most, what do the majority of them have in common – the availability of land!
Read the full article here – Sydney, Melbourne swallowing more than 2000 extra residents a week
Cheers,
John Pidgeon
Director – Solvere