A growing nationwide population could highlight the potential for investment in Caboolture real estate, which could be fantastic news for the overall development of the region's economy.
In data released by the Australian Bureau of Statistics (ABS) late last week (March 27), figures showed the population of Australia grew by just over 100,000 people during the September quarter of 2013 alone – with the total number of people in the country rising above 23.24 million. This result illustrates a strong annual growth of 1.8 per cent.
The natural degree of growth (births minus deaths) over the 12 months to September 2013 show an increase of 164,428 people, while overseas migration contributed 241,018 over the same period. These results illustrate a 2.9 per cent and 1 per cent annual growth, respectively.
Naturally, as more people begin to move into the nation, demand for properties will begin to increase. A number of state governments are already taking steps to help encourage the construction and availability of real estate in their regions.
Now could be a great time to investigate houses for sale in Caboolture and begin considering your property investment options over the coming years.