Property and demography stats reveal winners and losers

Life looks good for Melbourne agents and challenging for Darwin agents, if new population and price data is any guide.

Australia’s population reached 23.6 million at the end of 2014 after growing 1.4 per cent during the year, according to the Australian Bureau of Statistics.

Victoria led the way, growing 1.8 per cent to 5.9 million, with Western Australia growing 1.6 per cent to 2.6 million.

NSW and Queensland each added 1.4 per cent to their population, with the former expanding to 7.6 million and the latter reaching 4.8 million.

Population growth was slowest in the four smallest states and territories.

The ACT rose 1.1 per cent to 388,000, South Australia rose 0.9 per cent to 1.7 million, the Northern Territory rose 0.4 per cent to 244,000 and Tasmania rose 0.3 per cent to 515,000.

Meanwhile, the ABS also revealed that capital city house prices jumped 6.9 per cent for the year to March 2015 and 1.6 per cent during the March quarter.

Sydney recorded 13.1 per cent annual growth and 3.1 per cent quarterly growth, while Melbourne recorded 4.7 per cent annual growth and 0.6 per cent quarterly growth.

Brisbane grew 3.9 per cent over the year and 0.4 per cent over the quarter, while Canberra grew 3.0 per cent over the year and 1.1 per cent over the quarter.

Adelaide property prices climbed 2.5 per cent annually and 0.7 per cent quarterly, while Hobart prices climbed 1.9 per cent annually and 0.5 per cent quarterly.

Australia’s other two capitals went backwards, with Perth down 0.3 per cent over the year and 0.1 per cent over the quarter, and Darwin down 0.4 per cent over the year and 0.2 per cent over the quarter.

[Related: How the market will look in 2020]

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