Key pointers:
- Population growth in Victoria is rising sharply and with it housing
demand.
- Victoria's population rose 1.7 per cent to 5.65 million people
in the 12 months to September 2012
- While this growth is slower than in the mining states,
Victoria added the highest number of people of all the states,
attracting 94,800 new residents.
- Growth in interstate and international migration to Melbourne will particularly benefit unit and apartment sales.
- Any further growth in population is likely to soften the impact of
economic ''negatives'' that affect segments of the property market.
Victoria's jobless rate rose to 5.6 per cent in March and consumer
confidence is still fairly weak, but these factors may not unduly
influence housing demand if population numbers continue their upward
trajectory.
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