This month, the world population odometer ticked over to eight billion people, the fastest rise ever. But that growth is expected to fall.
Migration has historically been the primary mechanism for Australia’s growth. So what happens when closed borders brings that to a halt?
Over the last two years, the key factors driving Australia’s population growth have all fallen. What does that mean for property prices into the future?
Melbourne is set to pass the 6 million population mark at the end of the decade – overtaking Sydney to become Australia’s largest city.
At present there are more than 7.8 billion people in the world and by 2050, the world population is projected to reach 9.7 billion.
Research shows an increase in regional living as Australians seek a different lifestyle and location for work along with a more affordable location.