Sydney's population growth up 2%: Pete Wargent

Sydney's population growth up 2%: Pete Wargent
Pete WargentMay 4, 2018

EXPERT OBSERVATION

The ABS reported that Sydney's population increased by more than +100,000 in FY2017 for the first time ever, in doing so rising to an estimated 5.1 million.

More than 70% of Australia's population growth was accounted for by Sydney, Melbourne, and Brisbane.

Sydney's population growth climbed dramatically to +101,600 (+2%), while Melbourne remained extremely strong at +125,400 (+2.7%).

Melbourne's population has increased by well over ¼ million in only two financial years to hit 4.9 million. 

Population growth in Brisbane also picked up strongly to +48,000 or +2%, driven partly by interstate migration. 

Gold Coast, Sunshine Coast, and Geelong recorded some fair population growth in absolute terms, and the ACT also increased by an estimated +6,833 persons. 

But generally speaking population growth was considerably weaker around regional Australia.

Darwin (+696), Adelaide (+9,648), and Perth (+21,094) also recorded population growth rates of 1% or less. 

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Editor's Picks

5% deposit, $0 stamp duty - Buy into Brighton's affluent property market with 111 Carpenter townhomes
Far East Consortium's charity push in Australia’s biggest stair climb challenge
Princeton tops out Marque Rockdale as development team and Latent Defect Insurance drives sales
Double Bay makeover to continue as Scali furniture boss plots new luxe apartments
Prime Edition launches rare Clifton Hill apartment development, 33 Queens Parade