News & Media
Population growth highlights opportunities for South Australian invest
3 Apr 14
Australia's population has been growing over the last few years, with further growth expected in the years to come. In fact, the nation's growing population has become a point of discussion regarding housing supply across the country and where these new people will find accommodation.
Many people have begun taking advantage of the situation by purchasing land or properties and becoming investors - building up lots and refurbishing homes, in order to make them attractive for renters or profitable from capital gains.
If you're interested in becoming a property investor in South Australia, now could be the perfect time to seek real estate advice from an industry professional. The latest release from the Housing Industry Association (HIA) highlighted the strong demand for housing across the nation, which could present a great opportunity for budding investors.
According to HIA Economist Geordan Murray, Australia's population grew by over 100,000 during the September quarter of 2013, rising to 23.24 million. This resulted in an annual population growth rate of 1.8 per cent.
"We have a situation where the importance of migration in securing the nation's future economic prosperity is widely, and appropriately, acknowledged," said Mr Murray in a March 27 statement.
"It is vital that the implications of stronger population growth for housing demand are reflected in a clear and strategic focus on housing supply policy from all levels of government."
Natural population growth for the nation was 164,428 for the 12 months ending September 2013 - representing a 2.9 per cent growth over the previous year and contributing 0.7 percentage points to the overall population rise for the year.
Furthermore, overseas migration increased 1 per cent over the year to September 2013, rising by 241,018. These figures highlight a strong market for potential investment, which could be a lucrative undertaking for anyone considering real estate in South Australia.Back