Australia's annual population growth rate slowed to 1.5% in 2010, down from the 2008 high of 2.2%.
New figures from the Australian Bureau of Statistics (ABS) have revealed that AUstralia's population grew by 325,500 people in 2010 to reach a total of 22.4m. This fall continues the slide in population growth from the peak levels of 2008, and is the lowest growth since 2006.
Net overseas migration accounted for 53% of the 2010 growth, with the remaining 47% due to natural increase. The ABS added that net overseas migration continued to decline, with 2010 figures was 35% lower than that for December 2009.
Western Australia continued to record the fastest population growth rate at 2.1%, while Tasmania and the Northern Territory recorded the slowest growth rates (0.8%). The growth rates for each state were as follows:
- New South Wales: 1.2%
- Victoria: 1.6%
- Queensland: 1.7%
- South Australia: 1%
- Western Australia: 2.1%
- Tasmania: 0.8%
- Northern Territory: 0.8%
- Australian Capital Territory: 2%
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out