Migration to pick up pace
Australia's population grew by +144,238 or +0.5 per cent in the March 2025 quarter, driven by a very strong figure for net overseas migration.
Over the year the estimated resident population increased by +423,400 or +1.6 per cent.
Source: ABS
Looking around the traps, the strongest percentage population growth was still to be found in Western Australia at +2.3 per cent.
There was also very strong absolute population growth over the year in Victoria (+124,600), New South Wales (+101,800), and Queensland (+98,600).
The slowest population growth was seen in Tasmania, at +0.2 per cent, or +1,100 over the year.
Source: ABS
These figures only run to March 2025.
However, as Dr Alex Joiner of IFM Investors shows in the graphic below - while we can't say for certain - the monthly arrivals and departures figures produced by the ABS suggest that immigration has most likely reaccelerated throughout 2025 year-to-date.
At a time when housing supply is being delivered at an underwhelming pace, it looks as though the housing shortage will therefore worsen.
The estimated resident population of Australia as of today is a little higher and growing a bit fsater than previously estimated, at around 27¾ million, with an extra person being added every 61 seconds, on average.
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