Population Growth Ramping-Up Again

Over the 12 months to December 2018, the estimated residential population of Australia increased by 1.6% or by 404,783 persons. The 404,783 person increase in the population was the largest increase in raw number terms since September 2017 and it was also the third consecutive quarter in which the annual population increase trended higher.

Looking at the two components of population growth at a national level (natural increase and net overseas migration), net overseas migration remains the…