Friday, March 24, 2017

Housing fear as WA population rise slows | Perth Now

POPULATION growth in WA has fallen to its slowest rate on record as people head to other parts of the country for work.

Figures from the Australian Bureau of Statistics show the State was home to 2.6 million people at the end of September, with the population expanding by less than one per cent or 25,200 residents over the past year.

Over that time, an all-time high of 35,812 children were born in WA, but a record 38,592 people left for other parts of Australia, mainly Victoria and NSW. The population growth rate is lower than had been expected by the WA Treasury and suggests sluggish economic growth.

It is in contrast to Victoria, which is now the fastest-growing State with a population that has swelled by more than 127,000 to 6.1 million. NSW’s population has edged past 7.75 million and in Queensland it is nearly 4.9 million.

The sharp slowdown in WA’s population growth is making it tougher for the home-building sector as demand eases.

Source: Housing fear as WA population rise slows | Perth Now


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