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Australia’s Population Boom Continues, We’re Now at 22.5 Million


AUSTRALIAN Bureau of Statistics show the nation’s population surged 1.4 per cent last year to 22.5 million.

Victoria led the population surge recruiting 75,000 new residents in the way of immigration, more babies and a net increase from other states. The state now has 5.6 million people.

Mining states Western Australia (which gained 67,400 residents) and Queensland (66,500) were the next fastest growing states.
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Hilton to Build 8-Level, Upmarket Hotel in the Pilbara

pilbara aerial map

RESIDENTS won’t have to put up with “sub-standard” accommodation around the Pilbara, in Western Australia, with the international Hilton Hotel announcing plans for a $65 million upmarket hotel in central Karratha.

The first Double Tree by Hilton Hotel will include 144 suites, 20 own-your-own apartments, bar, restaurant, fitness centre, pool and car parking.

The proposed eight level building (artist impression, below), in Karratha’s central commercial area will also include three function rooms.

“Today’s announcement is yet another example about how, not the government but the private sector, is embracing the opportunities of the Pilbara,” said minister for regional development and lands, Brendon Grylls.
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Sleepy Geraldton About to be Short of Homes Care of Mining Developments

geraldtons fishermans wharf

THE sleepy Western Australia coastal town of Geraldton is about to undergo a population explosion – and maybe an apartment development boom - on the back of major mining projects including the $5 billion Oakajee Port venture.

However it may face a housing shortage within three months because of a fear by developers to adopt a large-scale development in the area, 240 kilometres north of Perth. Earthwork restrictions limiting the clearing of blocks to within six months (March to September) is also turning prospective developers off.
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Agents call for patience as rental crush resurfaces

Real estate agents and property mangers are urging prospective tenants to be patient as the annual rental crush resurfaces in Perth.

President of the Real Estate Institute of Western Australia, Rob Druitt, said seasonal factors and the low vacancy rate for accommodation was causing stress with many over worked agencies struggling to keep up with enquiries.

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Interest rate rise unwelcome in WA

The Real Estate Institute of Western Australia said today's lift in the official cash rate by the Reserve Bank was not surprising but was disappointing.

REIWA President Rob Druitt said the WA property market was 'cool and stabilising' after the boom and did not require any further brakes applied to it.

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