Impact of Latest Population Figures on Australian Property Industry  

Title

Impact of Latest Population Figures on Australian Property Industry

Website

www.propertycouncil.com.au/property-australia/what-do-the-latest-population-figures-mean-for-the-property-industry

Industry Body

Subject

Australia's population has grown to 27.1 million, with migration driving 83% of the increase. Expert Simon Kuestenmacher predicts a decline in migration levels post-pandemic, impacting property trends. Interstate migration is below pre-pandemic levels, with regions within a two-hour drive from CBDs showing growth potential.