Australia 26,500,000
The estimated Australian population just passed 26½ million, according to the population clock.
Population growth is currently estimated to be running at faster that one person per minute, or around 575,000 per annum.
That's the fastest population growth on record.
I personally think the lending settings need to change, as on a net basis we have as many clients looking to sell their rental properties as buy.
And this at a time when the capital city rental markets are already chronically tight.
This 1-bedroom unit 25 kilometres from Perth had 75 would-be tenants in attendance, which seems to be putting the balcony at risk.
Source: Twitter, @sayazmohammad1
The capital cities need more rental supply, but instead we have record lending assessment buffers for prospective landlords at 3 percentage points, and Victorian Premier Dan Andrews looking to increase property taxes to pay for the 7 long months of lockdowns.
It's a bad combination for the rental market.
