The inhabitants of Australia’s capital cities surged by greater than 500,000 within the fiscal 12 months ending June 2023, marking the very best annual development ever recorded, the most recent ABS figures confirmed.

“Australia’s capital cities grew by a document 517,200 individuals final monetary 12 months, with this development largely pushed by internet abroad migration,” Beidar Cho (pictured above), ABS’ head of demography, mentioned in a information launch.

Main cities in inhabitants enhance

Melbourne and Sydney led the expansion with will increase of 167,500 and 146,700 respectively, adopted by Perth and Brisbane, every including greater than 80,000 residents. Adelaide additionally noticed important development, with all 5 cities experiencing their largest annual inhabitants will increase since data started in 1971.

Development charges throughout the capitals

The general development charge for capital cities was 3%, considerably outpacing the 1.4% development in regional Australia. Perth recorded the very best development charge at 3.6%, with Melbourne (3.3%) and Brisbane (3.1%) additionally seeing substantial will increase.

Suburban development hotspots

Outer suburban areas within the capitals witnessed probably the most important inhabitants features, attributed primarily to internet inside migration. Notable development areas embody Rockbank – Mount Cottrell in Melbourne, Marsden Park – Shanes Park in Sydney, and Boronia Heights – Park Ridge in Brisbane.

Regional development areas

Past the capitals, Queensland’s Caloundra West – Baringa and Landsborough (each up by 1,700), together with Victoria’s Barwon Heads – Armstrong Creek and Delacombe (each up by 1,000), had been among the many fastest-growing areas in 2022-23, ABS reported.

Get the most well liked and freshest mortgage information delivered proper into your inbox. Subscribe now to our FREE every day e-newsletter.