Population of Australia steadily grows in 2015

According to the latest figures released by the Australian Bureau of Statistics (ABS), the population of Australia at the end of the March 2015 quarter reached 23,714,272 persons. This figure is 1.4 per cent larger than the previous 12 months, stated the Housing Industry Association (HIA), the voice of Australia’s residential building industry.

During the 12 months to March 2015, “nearly 316,000 people were added to Australia’s population” said HIA economist, Diwa Hopkins. She also commented, “This rate of growth, while slower than in previous quarters, is still historically strong.”

Looking back in time, the population of Australia has grown very steadily with approximately 225,000 persons added to the population during the 1980s up to the first half of the 2000s. However, since then up to March 2015, more than 300,000 persons per year have been added to the population.

Diwa Hopkins also mentioned that, “this continued high-volume population increase underlines the importance of delivering a commensurate supply of new dwellings in an affordably way.”

In the year up to March 2015, natural increase accounted for 142,898 persons whilst net overseas migration inflow comprised of 173,054 persons. Australia is still a very multicultural place to live with residents from all around the world. According to 30 June 2014 ABS figures, the top 10 countries of birth included UK, New Zealand, China; India, Philippines, Vietnam; Italy, South Africa, Malaysia and Germany.

The ABS figures also show that Victoria and New South Wales were the two largest states with the strongest population growth rates of 1.7 per cent and 1.4 per cent respectively. Following this, Western Australia also had a strong growth of 1.4 per cent, whilst Queensland and Australian Capital Territory grew by 1.3 per cent. At the bottom end, South Australia grew by 0.8 per cent, Tasmania by 0.3 per cent and the Northern Territory by 0.2 per cent.

It has been forecast that Sydney will reach a population of 5 million persons by 2016, whilst Melbourne will overtake Sydney’s population by 2056 to become Australia’s biggest city, due to the help of interstate migration. More people are flocking to Melbourne to live in the “most liveable city in the world” which has been given this title five years in a row by the Economic Intelligence Unit’s (EIU) liveability survey of 140 cities.

With the population of Australia steadily increasing, particularly in Sydney and Melbourne, it is becoming increasingly more important to find new dwellings to house today’s inhabitants as well as the future population.

More high rise, medium and boutique new apartments are the answer throughout the city areas due to less land available; meaning the only real way to build is up. Our Australian cities will also need to have better transport connections, jobs and schools to cater for a larger population and over the next few decades we are sure to see our city skylines change forever.
Published on 29th of September 2015 by Marty Stanowich
Marty Stanowich
Marty Stanowich

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