Riding the wave of substantial population growth, the housing demand in Australia continues to increase. Tim Lawless for the Property Update reports that the population grew as much as 1.75% in the last quarter of 2012.
The number of Victorians and Queenslanders are increasing at a rapid rate, buoyed by overseas migration as well as lower mortality rate. Except Tasmania and South Australia, the trend has been observed over all the territories.
Lawless points out that a vast number of new dwellings will have to be constructed to accommodate the ever increasing number of residents.
You can read the original article here.
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