Australia’s population increased by one person every 86 seconds over the last year, growing by 1.6 per in the 12 months to the end of September 2017.
Figures released last week by the Australian Bureau of Statistics confirm that Melbourne is closing the population gap with Sydney.
For the first time on record, Sydney’s population grew by more than 100,000 people in one year.
Sydney’s population hit 5.1 million at June 2017, an increase of 101,600 people (2 per cent) since June 2016.
But it was Melbourne that recorded the largest — and fastest growth — of Australia’s capital cities in 2016-17, increasing by 125,400 (2.7 per cent) to reach 4.9 million.
Together, Sydney, Melbourne and Brisbane accounted for over 70 per cent of Australia’s population growth in 2016-17.
Darwin, Adelaide and Perth on the other hand experienced relatively low rates of population growth, each at 1 per cent or less.
Source: The Australian
Migration makes a big difference
The total number of migrants to Australia grew at the fastest rate in eight years, but is still below the peak intake of 316,000 in the 12 months to December 2008.
In Melbourne, net overseas migration was the major contributor to population growth, adding 80,000 people in 2016-17 (64 per cent of total population change).
Natural increase contributed 29 per cent, while net internal migration accounted for 7.3 per cent of population growth.
Sydney lost most people to other parts of New South Wales (40,000 people) and Melbourne (14,400).
In Brisbane and Hobart, the relative contribution of each component of population change was more even, while in Perth and the Australian Capital Territory, natural increase was the major contributor to growth.
In Adelaide and Darwin, population gains from natural increase were offset by net internal migration losses, so growth in both cities corresponded closely to the gains from net overseas migration.
|Population||Natural increase||Net internal migration||Net overseas migration||Population change|
|Sydney||5 131 326||34 994||-18 120||84 684||101 558|
|Melbourne||4 850 740||36 284||9 166||79 974||125 424|
|Brisbane||2 408 223||17 961||12 023||17 998||47 982|
|Adelaide||1 333 927||5 507||-5 469||9 610||9 648|
|Perth||2 043 138||16 326||-6 885||11 653||21 094|
|Hobart||226 884||703||875||844||2 422|
|Darwin||146 612||1 877||-1 879||698||696|
|Australian Capital Territory||410 301||3 369||663||2 801||6 833|
Source: Australian Bureau of Statistics
As always, demographics — how many of us there are, where we live and how we want to live — will be a major driver of our property markets moving forward.
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