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New population data suggests that now may be a good time to be a broker in Western Australia but not in Tasmania.
Australia’s population reached 23.3 million at the end of 2013, which was 1.7 per cent higher than the year before, according to the Australian Bureau of Statistics.
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Western Australia recorded the biggest population growth, with its population jumping 2.9 per cent to 2.6 million, while Victoria rose 1.9 per cent to 5.8 million.
Queensland and the Northern Territory each recorded 1.7 per cent increases, to 4.7 million and 243,000, respectively.
The ACT rose 1.6 per cent to 384,000, while NSW added 1.5 per cent to 7.5 million.
South Australia’s population grew 0.9 per cent to 1.7 million, while Tasmania climbed 0.3 per cent to 514,000.
The Housing Industry Association said these statistics implied a strong demographic demand for housing.
“Western Australia recorded population growth of 2.9 per cent in 2013; this was down from the high of 3.7 per cent a year earlier but still clearly the strongest among the states,” it said.
“However, migration in Western Australia appears to be mirroring the trajectory of resource sector investment. Growth due to interstate migration has slowed markedly and growth due to overseas migration is also showing signs of moderating.”
[Related: Demographic boom for Sydney brokers]
