"There’s been lots written about Australia’s strong population growth and how there’s likely to be twice as many of us in the next 40 to 50 years. Apparently one baby is born every minute and 45 seconds and sadly, someone dies every three and a half minutes. And the net gain from overseas is one migrant every two minutes. This results in an overall population increase of one person every minute and 18 seconds. So, by the time you’ve finished reading this blog, Australia’s population will have increased by another two people. You can keep track here at the ABS Population clock But there is an even more important statistic that those interested in property should be aware of and that’s household formation, because it’s really the number of new households, rather than absolute population growth, which creates the underlying demand for housing that drives our property markets. Earlier this year the Australian Bureau of Statistics released it’s “Family and Household Projections” providing an estimate of household growth in Australia over the period to 2036." http://www.smartcompany.com.au/finance/investment/48264-will-population-growth-keep-driving-up-property-prices.html
Michael, best to get the actual facts and data correct.
http://www.abs.gov.au/ausstats/abs@.nsf/mf/3101.0 Not a net gain every 1 min and 18 seconds. That would be 404,307 for a year. We are at 330,200 currently. Even the abs clock is wrong at 1 min and 22 seconds, as that is 384,585. Net Migration is currently at 184,100 people, not 240,000 as you state. You also did not mention that we have had two years running now of fewer babies, yep fewer babies in actual numbers and more deaths.
"Births The preliminary estimate of births for the year ended 31 December 2014 (299,700 births) decreased by 5,400 births from the year ended 31 December 2013 (305,100 births)."
Best you redo your occupancy projections I think... At 2.58 per household, we needed 127,984 dwellings and we built how many?
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