An increasing Australian population could indicate an upcoming good period for property investment, as the Australian Bureau of Statistics (ABS) has highlighted a population increase of 1.8 per cent over 2012.
Investing in rental property in Rockhampton could be a good idea, as the population of Queensland grew by two per cent, or 92,500 people.
Other areas that experienced significant growth were Western Australia, which experienced a population increase of 3.5 per cent, and the Australian Capital Territory, with an increase of 2.3 per cent.
These figures indicate a return to the strong growth that was last experienced three years ago.
Bjorn Jarvis, the director of ABS demography, said in a statement released June 20 that overseas immigration was one of the main factors contributing to Australia's population growth.
He said that immigration added 235,900 people to Australia's population in 2012, increasing 17 per cent over 2011.
"Net overseas migration accounted for 60 per cent of Australia's total growth, with the remaining 40 per cent due to natural increase. Notably, 2012 also saw a four per cent rise in natural increase, which is the largest increase in almost four years," Mr Jarvis said.
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