Population pressures on Easyhomerenovating
Am reading Bernard Salt, Demographer on the latest population numbers. He notes the rate of population growth for Australia, previously, at a very high level has now slowed. The figures are 467,000 in the year to June 2009 and 400,000 for the year to June 2010, slowing likely to as low of 300,000 for the year ending June 2011. Perhaps this is some explanation for the dramatic slowing in Melbourne auction clearances from a high of 85 % in March, 2010 to a current level of 65% for February 2011. For my understanding it would be much more sensible if migration numbers were more steady rather than these great variations. My other point, is many study the variation in interest rates as leading indicators, when population pressures create a compounding future effect, consider population movements.
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