Madness as Victoria’s population surges 150k in one year

By Leith van Onselen

The ABS released its Australian demographic statistics for the March quarter of 2017, which revealed that Australia’s overall population growth rate has accelerated led by unprecedented growth in Victoria, which has once again obliterated records.

According to the ABS, Australia’s population rose by 1.61% in the year to March 2017 to be way above the 30-year average:

However, the growth in the number of persons in the year to March 2017 was an insane 389,100, up 45,400 on the same quarter of last year and 122,474 above the 35-year average:

Australia’s population growth continues to be driven by net overseas migration (NOM) – defined as those residing in Australia for 12 months or more:

While NOM has declined from the peak of 315,700 recorded in calendar year 2008 to 231,900 in the year to March 2017 – it remains well above the 35-year average level of 135,291.

It is also way above the circa 73,000 average NOM since Federation:

Moreover, as shown below, the proportion of population growth derived from NOM – 59.6% in the year to March 2017 – remains well above the 35-year average of 48.3%:

Population growth into Australia’s key resources state – Western Australia – has fallen through the floor. In the year to March 2017, Western Australia’s population grew by 0.72% (down from a peak of 3.5%); and has fallen well below the national average (1.61%). Population growth into Queensland rose to 1.56%, but is well down on the 2.1% growth rate recorded in the year to September 2012 and is also below the national average. South Australia’s population growth has fallen to 0.6%.

Victoria, by contrast, continues to be the population ponzi king, with its population growth surging to a record high 2.43%, whereas population growth into New South Wales has also firmed to 1.60% in the year to March 2017:

In sheer number terms – which is what matters for infrastructure and housing – Victoria and New South Wales are way out in front in the population ponzi stakes. In the year to March 2017, Victoria added an unprecedented 149,374 new residents – a national record – whereas New South Wales added 123,296 new residents:

You don’t have to be a rocket scientist to see that such manic population growth is destroying living standards in the main cities. Housing is woefully unaffordable. Roads and public transport are crush-loaded. And overall economic and social infrastructure is groaning under the strain.

This mass immigration ponzi scheme simply must end before these cities become even more expensive, gridlocked, unlivable hell holes.

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Unconventional Economist

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