Australia’s population is booming, and with it, the demand for property is skyrocketing.
The population of Australia is experiencing a significant expansion, primarily driven by an upsurge in net overseas migration following the relaxation of restrictions imposed due to the pandemic. The Australian Bureau of Statistics has noted a 2.2% growth in the population for the year ending March 2023, with a historic quarterly increment of 0.7%. This increase is largely attributed to the arrival of 454,400 migrants, alongside a natural increase of 108,800 individuals.
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