This article highlights that a slowdown in population growth, largely due to a fall in immigration, is beginning to pose significant challenges to the Australian property market. Net overseas migration to Western Australia has dropped 71 per cent over the past two years, while more people are leaving WA for other states than moving to it from other states for the first time in more than 10 years. The latest Bureau of Statistics estimates, released yesterday , reveal the nation's population grew to around 316,000 by the end of March , up by 23.7 million people, or 1.4% , on the end of March ; this represents the slowest growth in almost a decade .
This article highlights that a slowdown in population growth, largely due to a fall in immigration, is beginning to pose significant challenges to the Australian property market. The latest Bureau of Statistics estimates, released yesterday , reveal the nation's population grew to around 316,000 by the end of March , up by 23.7 million people, or 1.4% , on the end of March ; this represents the slowest growth in almost a decade .