As such, going forward an ever greater share of the actual population growth must correspondingly take place in the capital cities, as confirmed by the projections.
Housing market implications
I have always believed that the best bet for property investors is to follow the future demand by owning properties within easy commuting distance (ideally 10-15 minutes) of the capital city employment hubs, in landlocked inner- or middle-ring locations where there is limited scope for land release.
Having made no exertions of note while actually in government, now in Opposition the ALP has proposed restricting negative gearing legislation to new properties prospectively (a moot point, perhaps, since at $6.50 an election victory is priced as remote, with the Liberal/National Coalition sitting at just $1.13).
Of course, endeavours to hose down investor activity at the precise time when tens of thousands of students are set to hit Australian shores increasing demand for rentals would be a fiasco, but I can't deny it would be interesting to watch the experiment unravel (although the likely outcome would be a debacle).
Sydney's two-speed auction market - preliminary auction clearance rates from RP Data:
North Sydney & Hornsby - 92.5 per cent
City & Inner South - 89.1 per cent
Eastern Suburbs - 88.3 per cent
South West - 52.9 per cent