I presume the 2 are linked to a certain degree.
If you take a comparison of predicted population growth for 2 regional areas (lets say for the purpose of this discussion Ballarat vs Bendigo), one has a population growth of say 30%, while the other experiences a slight -ve growth over the next 15 years. In this comparison, I am only talking about the area closest to the town/cities CBD, ie within a 1km radius of the centre were all the major activities are centered.
Would you expect the city cetre with the one with the higher population growth rate to city a significantly higher increase in property prices?
Keep in mind that the overall population growth for these 2 regional areas is nearly identical at ~28%, but mostly comes from growth of their outer suburbs.
What are your thoughts?
If you take a comparison of predicted population growth for 2 regional areas (lets say for the purpose of this discussion Ballarat vs Bendigo), one has a population growth of say 30%, while the other experiences a slight -ve growth over the next 15 years. In this comparison, I am only talking about the area closest to the town/cities CBD, ie within a 1km radius of the centre were all the major activities are centered.
Would you expect the city cetre with the one with the higher population growth rate to city a significantly higher increase in property prices?
Keep in mind that the overall population growth for these 2 regional areas is nearly identical at ~28%, but mostly comes from growth of their outer suburbs.
What are your thoughts?
Increase in Property Price and Population Growth
