Australia’s population reached 22,407,700 at the end of September 2010, growing by 345,500 people over the year and following a number of years of record population growth.
The rate has slowed over the last year according to preliminary figures recently released by the Australian Bureau of Statistics. The figures show that, with an increase of 345,500, Australia’s annual population growth rate slowed to 1.6% for the year ending September 2010, down from its peak growth rate of 2.2% in the year ending December 2008, and is mainly due to a decline in net overseas migration.
The preliminary net overseas migration estimate for the September quarter 2010 (42,500 people) was 41.2% lower than that for the previous 12 months (72,300 people). At that time overseas migration accounted for 65% of the population growth, with the remaining 35% due to natural increase
Western Australia continued to record the fastest population growth rate at 2.1 per cent, followed by Queensland (1.8 per cent), Victoria and the Australian Capital Territory (both 1.7 per cent), New South Wales and the Northern Territory(both 1.3 per cent), South Australia (1.1 per cent) and Tasmania (0.8 per cent).
Subscribe & don’t miss a single episode of michael yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to michael yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.