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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