Bernard Salt
There are several factors that have affected the supply of residential dwellings, including heightened demand. The number of people added to Australia during calendar 2007 was 332,000 or 1.6 per cent. This is the greatest number added to the national population in any year in our nation's history. And it's evident in our city's growth rates...
But what is driving this extreme growth?
The most obvious cause is a record level of net overseas migration. Last year we added a net 185,000 migrants, up from a long-term average of 110,000...
But the forces behind the population boom don't end there. The birth rate has been trending up for six years...
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