A staggering 7.75 billion people lived on earth on New Years’ Day 2020. Over the last 12 months this number has grown by 83 million. By the end of 2023 the world’s population will exceed 8 Billion and Australia is one of the world’s most sought-after destinations for immigration. Most of the 7.75 billion people would do anything to live down under and Australia sees immigration demand like no other country in the world.
Whilst there are many discussion topics relating to these numbers, housing and the continuing growing demand and rising prices associated with our booming population is always front and centre. No matter what the experts tell you, when our population rises faster than our ability to build homes due to slowing approvals and planning red tape housing prices in Australia will just keep on going up. Sometimes I wish I had a more complex set of numbers to give to you but it continues to stagger me how simple this is.
Every 2.6 seconds a new baby is born and our population keeps compounding. This in turn fuels increasing real estate demand as these newborns all need a roof over their heads and a place to sleep.
As investors in the greatest country in the world, no other product offers such a brilliant outlook as what property does and there is only one way to ensure you don’t miss out on the continuing upswing. The answer is to purchase a property as soon as you can, start as small as you need to and take advantage of the ongoing and inevitable price rises that we will receive due to compounding demand from all over the world every 2.6 seconds.