Locations where population is growing the most have the best potential for capital growth, right? Whilst logic suggests this to be the case, historical evidence suggests otherwise. The graphs and general information below contain a wide range of information regarding Australia’s population trends. Propertyology agrees that population is an important consideration for selecting locations however, our formal studies have taught us that population is far from being the most important consideration
Australia is a country with a very sizeable land mass and it’s usually only the big profile cities which get mentioned in property market commentary within the media. Even the small percentage of sophisticated property investors who take advantage of the wonderful opportunities that select regional locations have to offer tend to stick to bigger townships which act as service centres.
With a median house value of $390,000, Australia’s twelfth biggest city has experienced mixed fortunes over recent years.
While its seaside lifestyle and affordable housing are positive attributes, the local economy has been quite fragile for a few years. Job losses have occurred at major employers including the Shell refinery, Alcoa, Qantas and the closure of Target’s headquarters.