Figures released by the Australian Bureau of Statistics (ABS) last week confirm we are living in a rapidly growing nation! Australia recorded its largest annual population increase ever, growing by an estimated 307,100 people for the year ended March 2007, the largest increase since record keeping began in 1789.
The REIA reports that the increase gave Australia an annual growth rate of 1.5% and brings the population to an estimated 20.9 million. Net overseas migration contributed 54% to this growth, which was more than the natural increase of 46%. Queensland again recorded the highest growth rate of all the states and territories, at 2.3%.
Over the 5 years to June 2006, an estimated 1.87 million people moved within Australia to another state or territory, the most popular destination being Queensland. Australia’s population is projected to be 33 million by 2051.
If interested in learning more about this update please contact me today!
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