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Population growth and housing crisis: The reality

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Population growth is in the news again. The usual suspects are trying to whip up a scare campaign about immigration. So, let’s look at the actual numbers and put them into context.

Recent growth in Australia’s population has gone through historically big swings, starting with the closure of borders during the Covid pandemic.

This resulted in the population falling, as many people, such as foreign students, left the country. There was a period of about 18 months (from early 2020 to late 2021) where population growth was at historic lows.

When the borders reopened, many people came back and we had a period where the population increased more rapidly.

Since 2024, population growth appears to have fallen back to pre-Covid rates.

But has the bounce-back in population been larger than the slowdown during Covid? To see that, we need to project growth assuming that the population grew at the average pre-Covid rate.

If we do, we can see that the actual........

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