realestatebusiness logo
Subscribe to our newsletter SIGN UP

Population explosion will drive property demand

February 16, 2016 Kiril Ruvinsky 0 comments

A rising fertility rate, people living longer and an increase in net migration have all combined to propel our population at a faster rate than ever before.

In 2000, the Australian Bureau of Statistics projected the national population would reach 24 million people by 2033. We managed to get there 17 years earlier, and this will have massive implications for our property market including property price rises, an increased demand for central living, the shift in the Australian dream as Aussie families look to downgrade from big homes to communal or apartment living and a construction boom.

If you can, drown out all the noise about property price drops and cast your mind back to your high school Economics class – you’ll remember ‘The law of supply and demand’. 

The looming oversupply of new housing will, in the short term, affect most capital cities across Australia (with the exception of Sydney). Despite this oversupply, BIS Shrapnel estimates we will still experience a shortfall of over 40,000 dwellings. 

However, the result of such strong population growth means all these extra people will need somewhere to live, and as the demand catches up yet again with supply, we expect Australian housing prices to rise.


Population explosion will drive property demand
lawyersweekly logo

Always in search of new challenges and passionate about staying at the forefront of a rapidly evolving industry, Kiril brings a wealth of experience in helping clients achieve their financial goals.

With over 20 years’ experience as a licensed financial advisor, Kiril worked for some of Australia’s largest financial institutions before starting his own successful boutique private wealth firm.

Also a licensed valuer and auctioneer, Kiril utilises his strong understanding of asset values and growth to develop tailored property strategies for his clients.

Kiril is now principal at LJ Hooker Sydney Buyers Agency, which caters for buyers looking to take the guesswork out of investing.

Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 50 women 2018

The 2018 REB Top 50 Women in Real Estate ranking is out now, see the full 2018 ranking here!

featured podcast

featured podcast
Maintaining top agent status in a softening market

The current Australian property market is challenging. Rapid and ongoing change combined with a softening market means you’ll need an adap...

View all podcasts

How do you get your day started?

I get up early and get to the office to get ahead of my competition
I get up early and get an exercise workout in first thing
I take my time getting to the office, avoiding exercise, to be fresh when I hit the phones
I have no regular routine, rather I take everyday as it comes
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.