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A Perfect Storm for Property Investment
On 1 October 2009, the population for Australia surpassed the 22 million mark. At the end of March 2009, Western Australia had 2,224,000 residents. According to the Australian Bureau of Statistics, Western Australia leads the population boom with the fastest growing population of all the states (3.1% for the 12 months ending 31 March 2009). The majority of this growth is from migration. Not since the post World War II boom of the 1950’s and 1960’s has Australia experienced this sort of rapid increase in people.