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 housing market . The latest building approvals figures suggest that over 200,000 dwellings per annum are likely to be constructed over the next year or two, or one for every 1.6 extra people at the current population growth rate. The latest Bureau of Statistics estimates , released yesterday , reveal the nation 's population rising to 23.7 million by the end of March , up by around 500 people , or 1.4 % , on the same period a year earlier ; this is 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 housing market . The latest Bureau of Statistics estimates , released yesterday , reveal the nation 's population rising to 23.7 million by the end of March , up by around 500 people , or 1.4 % , on the same period a year earlier ; this is the slowest growth in almost a decade .