With an increase in population our economy grows stronger which in turn provides us with a strong presence on the world stage.
"A strong economy and low unemployment have helped Australia attract and keep well educated and skilled settlers, many of which have already lined up employment before they arrived.
Around 129,000 migrants entered on skilled visas in the year to June just passed, with a similar number planned for 2013/14. The biggest sources of recent migrants are China, India, UK and New Zealand.
In all, net overseas migration totaled 236,000 for the 2012 calendar year, a 17 percent rise on the previous year, according to figures from the Australian Bureau of Statistics. New arrivals accounted for no less than 60 percent of population growth in the year, and they all need to be housed."
This growth has an impact on all areas of life especially housing. Glenn Stevens, Governor of the Reserve Bank of Australia, "..said investment in houses has been low for an unusually long time, and with population growth picking up, "if anything, we will need to build more dwellings than we have been over recent years".
From here we hope to see an increase in investment in the building industry. The creation of more dwellings will not only provide a solution to the housing demand but also provide valuable employment for the nation.
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