Australian-American Houses

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11 July
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Population growth in Australia

I am reading of the rate of immigration key factor in population growth for Australia, given births are relatively stable. From the Herald Sun, today, 7/06/2011. The immigration is a net

220,000  for 2007

315,690  for 2008

299,863  for 2009

230,000 for 2010

158,600   for 2011

181,400  for 2012

187,600 expected for 2014.

Clearly, after the boom years of 2008 and 2009, the net immigration rate has fallen dramatically, by close to 40%.

Now immigration is projected to rise modestly, the Rudd years of aiming for a big Australia are gradually returning. No wonder the current home sales market is weak. I Argue, this is a temporary phase and home sales will recover within two years. The current growth shows an estimated Australian population at between 36M and 45M by 2056. Reference Herald Sun

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