Capital city’s population growth the highest on record – new data reveals

Trending 1 month ago

Australia's organization keeps connected booming.

In fact, nan organization of Australia’s superior cities grew complete 500,000 successful nan twelvemonth ending June 2023, nan largest yearly maturation recorded by nan Australian Bureau of Statistics (ABS).

Beidar Cho, ABS caput of demography said:

“Australia's superior cities grew by a grounds 517,200 group past financial year, pinch this maturation mostly driven by nett overseas migration.”

The information from ABS show that Melbourne (up 167,500) and Sydney (up 146,700) had nan biggest summation successful 2022-23, pinch Perth and Brisbane each besides adding complete 80,000 people.

Along pinch Adelaide (28,100), these 5 cities had their largest yearly organization maturation since nan commencement of nan bid successful 1971.

The maturation complaint for nan capitals mixed was 3.0 per cent, much than double nan maturation complaint for location Australia (1.4 per cent).

Perth had nan highest maturation complaint (3.6 per cent), followed by Melbourne (3.3 per cent) and Brisbane (3.1 per cent).

Population Change 2022 23

ABS information highlights that nan largest maturation areas were mostly successful outer-suburban parts of nan superior cities, wherever nett soul migration gains drove organization growth.

Over 2022-23 Rockbank - Mount Cottrell successful Melbourne's westbound grew by 4,300 people. Marsden Park - Shanes Park successful Blacktown (3,900 people) and Boronia Heights - Park Ridge successful Logan (2,000) grew nan astir successful Sydney and Brisbane respectively.

Largest Growing Area

Meanwhile, extracurricular nan capitals, nan largest maturation areas complete 2022-23 were Caloundra West - Baringa and Landsborough (both up 1,700) successful Queensland, and Barwon Heads - Armstrong Creek and Delacombe (both 1,100) successful Victoria.

ABS besides noted that organization alteration astatine nan location level has 3 components: earthy increase, soul migration and overseas migration:

  • Natural summation was highest successful Sydney followed by Melbourne, Brisbane and Perth.
  • Brisbane and Perth were nan only capitals to person nett soul migration gains. Net soul migration nonaccomplishment was nan largest successful Sydney and Melbourne.
  • All superior cities knowledgeable nett overseas migration gain, which was largest successful Sydney followed by Melbourne, Perth and Brisbane.

Components Of Population Change By Capital City

About Brett Warren Brett Warren is National Director of Metropole Properties and uses his 2 decades of spot finance acquisition to counsel clients really to grow, protect and walk connected their wealthiness done strategical spot advice.

More
Source propertyupdate
propertyupdate