๐ฆ๐๐ฟ๐ผ๐ป๐ด ๐ฃ๐ผ๐ฝ๐๐น๐ฎ๐๐ถ๐ผ๐ป ๐๐ฟ๐ผ๐๐๐ต ๐๐ถ๐น๐น ๐๐ณ๐ณ๐ฒ๐ฐ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐
In a sign Covid-19 is well and truly behind us, Australiaโs population is now growing faster than pre-pandemic levels.
Australiaโs population was growing at 1.44% per year in March 2020, when the government shut the border. Population growth then plummeted to 0.09% by March 2021. But it surged to 1.63% in September 2022, according to the latest data from the Australian Bureau of Statistics.
This strong population growth will impact our property markets and economy.
Population growth will benefit home owners โ recent research from Domain found that when the national population increases 1%, long-term cumulative house prices increase by 8.18%.
Population growth will benefit property investors โ there will now be more people competing for rental accommodation, which will put upward pressure on rents.
A growing population will also benefit employers โ by making it easier for businesses to find staff.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
