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Tuesday March 31st, 2015

December 2014

Population growth for Perth and Western Australia is the fastest of any region in Australia, new data from the ABS said.

Western Australia recorded 2.2% population growth in 2013/2014, the data said.

Perth saw most of the population increase in the 12-month period. The population grew by 56,000 people and Western Australia is now home to 2.68 million people as of June 2014.

By 2028 greater Perth will be home to 3 million people, making the WA capital Australia’s third most populous city.

The Committee for Perth said in December 2013 that projections indicated 3.9 million people will call Perth home by 2050 – and possibly as many as 5.4 million.

Australia’s overall population growth has been extremely strong in the last several years, with skilled immigrants flocking to our shores.

The data also suggests the impending medium to long-term housing shortage for Perth was well on track, with Perth about 100,000 new homes short of demand by the end of this decade.

“Compared with many other developed economies, Australia has been a star performer over the last few years. With shortages of skilled labour evident in many industries and a relatively strong looking economy, Australia has proved to be a very attractive destination for overseas migrants and was equally attractive for Australians who would have otherwise considered opportunities overseas.” HIA Economist Geordan Murray said.

The trend from the ABS:

Since 1972, Perth’s population has increased by a staggering 152% .

Source: WA Property News

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