As if real estate in Bellmere wasn't already popular enough, it is only likely to attract more interest as the Queensland population continues to rise. During the final three months of last year, the Australian Bureau of Statistics (ABS) revealed that the population increased 1.4 per cent as a result of net overseas migration.
Victoria registered the strongest increase at 1.8 per cent, while Western Australia followed closely behind with a 1.6 per cent increase. This meant that Queensland was in joint third position with New South Wales.
Although growth was seen in all states and territories during the December 2014 quarter, the Housing Industry Association (HIA) revealed a slowdown over recent months. HIA Economist Geordan Murray explained that increases in population reached a peak of 1.8 per cent at the end of 2012.
"The slowing rate of population growth is primarily a consequence of a smaller contribution from overseas migration," Mr Murray stated.
"The flow of overseas migration, made up of both inward and outward migration, contributed to a net increase of around 184,000 people during the period."
The ABS revealed that during 2014 as a whole, natural increase added another 146,100 people to the Australian population. This comprised 299,700 births and 153,600 deaths, which were down 1.8 per cent and up 4.7 per cent respectively from 12 months earlier.
With the Queensland property market likely to be more popular than ever, the team at Ray White Caboolture is on hand to assist. We have years of experience finding people their ideal homes, no matter whether they want to buy or rent.
Our knowledge of the local area means we can find somewhere that suits your requirements and that will soon feel like home. Get in touch with us to discuss your options in greater detail.