expect good returns 3/4 million immigrants pa, page-2

more extracts from the same article............

Immigration has accounted for almost 60 per cent of Melbourne’s population growth over the past decade.

my response(anyone looking to buy in Melbourne, and wondering why all the competition for those inner city houses......here is the answer....60% growth over past 10 years...)

The impact of migration has not been factored into discussions about housing problems. Household formation will continue to outpace the rate of population growth with households growing from 6.9 million in 1996 to almost ten million in 2021.
The demand is also driven by the increase in temporary immigrants, including international students and short term workers. Overseas student numbers have increased from just 7,351 in 1978 to 537,893 thirty years later. International visitors have also increased significantly, rising from 581,000 in 1978 to 5.6 million in 2008.
There are other consequences. A million additional people have settled in Melbourne since the last dam was built.