From strength to strength - Strong population growth signals continued property growth

The migration to Australia's northern climes has reversed with the Bureau of Statistics' provisional estimates showing that Victoria's population grew by 117 900 or 2.2 per cent (March 2010).

Approximately 70 per cent of the state's growth came from overseas migration while 30 per cent was from natural growth and interstate migration.

Victoria is experiencing a population boom and everyone needs a place to live. On the back of a larger population base, what are the implications for property, housing, and prices?

Professor Richard Reed explores the impact of population growth on property trends for 2012 and beyond.

Professor Reed is Chair of Property and Real Estate at Deakin University. He is a Fellow of the Australian Property Institute and RICS, a Member of Pacific Rim Real Estate Society (PRRES) and the American Real Estate Society (ARES), and an invited keynote speaker at international conferences. He is editor of The International Journal of Housing Markets and Analysis published by Emerald UK and consulting editor of The Australian and New Zealand Property Journal (published by the API). Professor Reed has authored many books and journal articles and is widely published in the property area.

Monday 1 August 2011, 6 pm

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Property growth does not equal a healthy environment, social cohesion or wealth for all people. Flooding Australia with loads more people so that property developers can count their dollars is not the way forward.