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15:42
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Originally posted by Barg
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For the moment let's forget the case for Bears and Bulls in the Australian property landscape and consider the dynamics of population growth and international movements. Towit: This is what I'm seeing as we speak. Regardless of the worlds economic turmoil Australia's population is increasing at an exponential rate (birth + immigration). From the post war years of the early 50s our population has tripled to a point well beyond the accepted theory of Malthusian population increase - circa double every 30 years. This explosion in growth is set to continue based on the exponential birth rate and our governments addiction to immigration; all of which will require housing.
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I might add that available natural resources such as water to cope with this population explosion is yet another conversation outside the scope of the property market.
