According to the recently released Australian Bureau of Statistics (ABS) 2011 Census, Perth and Brisbane tied in first place for population growth between 2001 and 2011, ahead of all other capitals.
In this period Perth and Brisbane boosted population figures by 25.2 per cent, while Darwin followed in second place with 20.8 per cent growth, Melbourne took third place at 18.3 per cent, Canberra recorded 15.2 per cent, Sydney posted 11.6 per cent, Hobart achieved nine per cent and Adelaide grew by 8.8 per cent. The ABS’ population projections also report that Perth and Brisbane will be the clear winners into the future to 2056, with Perth’s population estimate a mighty 116 per cent climb between 2007 and 2056 and Brisbane’s estimated population up 114 per cent.
Unlike most other capitals, house prices are already rebounding, he adds, reflecting the increasing demand from the growing population.
In Brisbane, the second capital in line for a projected population boom behind Perth, buyers agent Scott McGeever of Property Searchers says the winning suburbs will be the transport hubs where rezoning has either already occurred or is under way.
He lists Indooroopilly, Toowong, Carindale and Mount Gravatt as some examples.
Investors should also look to where the mining executives are buying and renting. “These tend to be in the green and leafy areas in Brisbane’s west and northwest. Suburbs like Ashgrove, Bardon and Toowong.”
While the green and leafy suburbs are easily accessible to the Brisbane Airport for fly-in, fly-out mining executives and workers via the Inner City Bypass and the recently opened Airport Link road infrastructure, buyers agent Zoran Solano of Metropole Properties Brisbane says suburbs such as Clayfield, Nundah, Albion and Windsor are also likely to increase in demand due to their even closer access to the Brisbane Airport for fly-in, fly-out mine workers seeking lock-and-leave units or apartments.