Population Rankings
/Some 24.6 million people live in Australia. Our population is growing by 400,000 people per year. But where are they going? Michael Matusik summarises ABS Census data to show which cities are seeing the most growth. This has implications for the property market in those areas.
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Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.