Population growth strongest in Victoria

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Source: Australian Property Investor

The latest demographic statistics released by the Australian Bureau of Statistics (ABS) show the pace of population growth steadied in the latter half of 2015, though there are quite wide divergences between the states and territories, according to the Housing Industry Association (HIA).

The ABS figures show Australia’s population reached 23.94 million at the end of December 2015, an increase of around 326,000 people over the full calendar year amounting to 1.4 per cent annual growth.

Net overseas migration (incoming minus outgoing migrants) resulted in an additional 177,138 people during 2015, but the net inflow was 0.5 per cent smaller compared with a year earlier.

Natural population growth (births minus deaths) added 148,935 people to the population in 2015, which is almost exactly the same as the previous year.

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