- 23 December 2019
A New Year and new decade awaits!
Well, here we are, the end of another year and decade!
Exciting times moving forwards, with population growth at the forefront of our residential property market recovery and therefore wealth.
The federal government just released its Mid-Year Economic and Fiscal Outlook (MYEFO).
https://budget.gov.au/2019-20/content/myefo/index.htm
One of the interesting pieces of information was about population growth buried in the 397 pages of the report.
https://budget.gov.au/2019-20/content/myefo/download/MYEFO_2019-20.pdf
It confirmed that population growth is assumed to average around 1.7% per year over the forecast period.
So as our population is currently around 25.5 million that adds up to 400,000+ population growth per annum.
https://www.abs.gov.au/AUSSTATS/abs@.nsf/Web+Pages/Population+Clock?opendocument&ref=HPKI
Taking into account that building approvals are only at around 13,000 per month, what does that tell you about the demand for our properties moving forward?
https://www.abs.gov.au/ausstats/abs@.nsf/mf/8731.0
Great positives to go into the new year and decade with.
Have a safe and wonderful festive season, looking forward to catching up in the New Year and decade!
Property Club is at the forefront of the best properties in the best areas, best placed for this capital growth upswing - make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great properties available for Club members!
Troy Gunasekera
National Manager
Related Posts
Big Win for Victorian Property Investors: Stamp Duty Concession Unveiled!
The Victorian Government is shaking up the property market with a new stamp duty regulation set to benefit investors. Starting 21 October 2024, buyers of off-the-plan apartments, units, and townhouses in strata developments will enjoy a temporary elimination of stamp duty for one year. This move is part of a...
New Queensland Rental Regulations: What Property Investors Need to Know
The Queensland rental market is set for a significant shake-up, and as a property investor, it’s crucial to stay ahead of the curve. The state's new minimum housing standards, which began taking effect in September 2023, are more than just a regulatory update—they represent a shift in the expectations tenants will...
Who’s Responsible for Mould in Your Rental Property: Tenant or Landlord?
Mould, it’s the unwelcome guest no one wants in their home. It’s unsightly, potentially hazardous to your health, and dealing with it can be a real headache. But when mould creeps into a rental property, the big question arises: Who’s responsible for cleaning it up, the tenant or the landlord? The answer isn’t...