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Valuable property lessons from the latest Census

Written on the 17 August 2017 by James Cagney

(A three minute read)

Following the release of the last Census held in December 2016 and the data released in June 2017 the population of Australia has increased to 24,381,000 (24,4 million) people. That is an annual increase of 372,000 people per Annam over a five year period. 

At December 2016 the States & Territories were:

Population December 2016 (Census)
State/Territory Total Population Annual growth % Growth
New South Wales 7,798,000 116,400 1.5
Victoria 6,244,000 147,600 2.4
Queensland 4,884,000 70,500 1.4
Western Australia 2,568,000 16,800 0.6
South Australia 1,717,000 10,300 0.6
Tasmania 519,000 3,000 0.6
ACT 406,000 6,800 1.7
Northern Territory 245,000 600 0.2
Australia 24,381,000 372,000 1.5

Despite the hype from the both the Labour & Coalition Governments' Australia's population growth rate is too low. Unlike the USA with 350 million people these politicians should consider why we can't afford a three-tier government system (Federal, State & Councils) with only 24.4 million people.  Of course the politicians pander to the fearful electorate because people are afraid of losing their jobs. We need skilled people and business people if we are going to increase our Gross Domestic Product (GDP). But No - we must protect our democracy at all cost and that is why Australia is reeling in debt of over $500 billion. We must increase our population and the government needs to change their immigration policies to attract these skilled and business people. The Australian economy has changed from a mining  to construction economy and population growth is what fuels construction. look at what has happened in Melbourne's western suburbs for proof of this. Click >>> MLBNthWest for the details.

As for some of the States and Territories they have no hope of growing their economy with their meager population growth. Property investors need to watch out for the wiles of  property spruikers. Investors were flocking to Darwin properties from 2013 to 2015 because developers and real estate agents were reporting high growth and yields. How can the area sustain any growth when the population is growing around 600 people per Annam. No wonder property values are in decline in Darwin and  I wonder where these developers and agents have moved to and left investors in the lurch. 

All I can say is buyer beware! You need to get expert advice when you purchase an investment property.  As hard as it may be admit that you need help before investing. Real estate agents are great at building a story around properties they have listed for sale and many are seasoned sales people. you don't only get the wool pulled over your eyes you get the sheep.

Look at macro-economics as well as micro-economics. Look at trends and the property cycles. Look at infrastructure plans and be realistic in terms of the sustainability of employment. I have given sound advise about all these factors before so click >>> GROWTH for more details.

Contact James Cagney on +41 416 137 645 for sound advice before you commit yourself to a property purchase OR click >>> HERE.  

DISCLAIMER

This is not financial advice. You should not act solely on the basis of the material contained in this article for your investment strategies. Changes in government and legislation occur frequently and without prior notice and financial markets are unpredictable.
Please note that the information herein is of a general nature only and is not intended as specific advice for any particular person or entity.

This information was written and compiled by James Cagney.  The opinions expressed herein do not necessarily represent the views and opinions of his associates including
Asset Finance Pty Ltd.

ACKNOWLEDGMENTS:

Thank you to the resources of Terry Ryder, Property Observer, The ABS, BIS Shrapnel, Michael Matusik, Property Monitors, Colliers, On the House, CoreLogic, RP Data, Residex, SQM, Herron Todd White, The Economy, NAB Residential Property Survey, Australian Bureau of Statistics, Peter Wargent, Port Phillip Publishing, Economy & Markets, Harry S. Dent and the many others for the material discussed above.

 

 


Author: James Cagney
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