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Growth steady

Australia’s population grew by 2.1% in the year to 30 June 2024, according to the latest figures released this week by the Australian Bureau of Statistics (ABS).

“Our population at 30 June 2024 was 27.2 million people, an increase of 552,000 people since the same time last year”, ABS head of demography Beidar Cho said.

“There were 666,800 overseas migration arrivals and 221,200 departures. This means that 445,600 people were added to our population for the year to 30 June 2024, continuing a recent downward trend in net overseas migration.”

Natural increase, which is made up of births and deaths, was 106,400 people, up 3.4% from the previous year. There were 289,100 births and 182,700 deaths registered over the period, with births dropping 0.7% and deaths falling 2.9%.

“Western Australia had the fastest rise in population, growing 2.8% in the last year. This was followed by Victoria, which grew by 2.4%, and Queensland which rose 2.3%”, Cho noted.

Tasmania saw the least growth, with a 0.3% rise in population over the period.

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If you would like any assistance or advice, please feel very welcome to get in touch with our Brisbane real estate agents, Brisbane property management team, or Brisbane buyers agents.

About Adam Nobel

CEO | Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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