Northern Suburbs Will Power Canberra’s Population Growth

 

ACT Government data indicates that Canberra’s population will increase more than 5% and hit 421,000 by 2020. 38% of that growth will be as a result of net migration into the ACT, while 62% will be due to natural population growth. This is quite remarkable and is an indication that Canberra is becoming a location of choice for young families.

 

Over the last few years Canberra has added on average around 1% to its total population each year. That is more that 3,500 new residents calling the nation’s capital their home. Such solid growth generally has positive impact on most of the economic indicators including the state of the housing market.

 

It should be noted that a significant proportion of this population increase will occur around the Gungahlin area which is currently experiencing rapid development and is playing catch up in order to match its limited infrastructure to expected population growth levels. Significant ACT Government investment into the local area will be required to ensure that Canberra’s north makes the most out of the huge economic opportunities that are coming its way.

 

Some growth areas of particular note are listed below:

 

– Crace 41.4% (3690 in 2015 to 5217 in 2020)

– Casey 40.9% (4327 in 2015 to 6097 in 2020)

– Franklin 25.4% (6060 in 2015 to 7598 in 2020)

– Bonner 22% (4992 in 2015 to 6091 in 2020)

– Harrison 16.5% (8445 in 2015 to 9841 in 2020)

– Ngunnawal 14.1% (10063 in 2015 to 11483 in 2020)

– Amaroo 5.7% (5778 in 2015 to 6105 in 2020)

– Throsby / Kenny 8710.5% (19 in 2015 to 1674 in 2020)

– Jacka / Moncrieff 1129% (453 in 2015 to 5569 in 2020)

– Lawson exponential (0 in 2015 to 2141 in 2020)