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The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Wed 22 Nov '23 with Rich Harvey Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23 with Rich Harvey Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23 with Rich Harvey How Sales Agents Think
 
 
Thu 15 Jun '23 with Rich Harvey Auctions – The Inside Scoop
 
 
Fri 9 Jun '23 with Rich Harvey Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23 with Amanda Jones Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Population growth in Sydney benefits investors

April 10, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

More people translates to a greater need for homes, and the latest population data from the Australian Bureau of Statistics (ABS) illustrates why Sydney remains a premier location for Australian property investment.

The ABS recently reported that capital cities boasted more than three times as many new residents during the year ending June 2013 than the rest of Australia.

"In 2013, two in three (66 per cent) Australians lived in a capital city, a slight increase since 1973 when 65 per cent lived in a capital. By 2053, this share is projected to increase to 72 per cent," said ABS Director of Demography Denise Carlton.

"That equates to 28 million people living in the capitals in 2053."

Meanwhile, 89 per cent of growth in capital cities during the last 40 years occurred in Sydney, Melbourne, Brisbane and Perth. Sydney alone grew by nearly 1.7 million people between 1973 and 2013. And between 2012 and 2013, NSW as a whole saw population growth of 1.4 per cent, second only to Victoria during this time period.

Sydney's inner-west region was highlighted by the ABS as seeing some of the largest and fastest growth from 2012 to 2013, with the Concord West - North Strathfield statistical area boasting a 6.4 per cent increase in population.

This could be particularly good news for potential property investors in the rest of the inner-west region, including Rozelle, Leichhardt, Chippendale, Petersham and surrounding suburbs.

However, with increased population comes more competition for finding and purchasing homes. This makes a qualified buyers agent in Sydney a valuable ally.

These professionals can assist investors with hunting down potentially profitable properties and help them negotiate as low a purchase price as possible.

The Propertybuyer
Podcast

 
Wed 22 Nov '23
with Rich Harvey
Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23
with Rich Harvey
Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23
with Rich Harvey
How Sales Agents Think
 
 
Thu 15 Jun '23
with Rich Harvey
Auctions – The Inside Scoop
 
 
Fri 9 Jun '23
with Rich Harvey
Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23
with Amanda Jones
Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.