The numbers you need
... is the time, on average, between each birth in Australia according to calculations by the Bureau of Statistics. The bureau also believes a death occurs, on average, every 212 seconds, while migration patterns deliver a net gain of one person every 139 seconds, thereby increasing Australia's population by one person every 83 seconds.
$1999
... is the averagecost of renting a house for a week in Port Hedland, Western Australia, during the March quarter. But with the mining boom now fading, rental prices in the iron ore export hub are following suit; the average rental there cost $2544 in the June 2012 quarter.
82 per cent
... is the proportion of Australian first home buyers with a mortgage who choose to buy an existing dwelling rather than a new one. The trend is strongest in Tasmania, where barely 5 per cent of buyers choose a new dwelling. Victoria and WA have the biggest tolerance for new homes, but even so, about three quarters of people choose an existing dwelling.
Frequently Asked Questions about this Article…
The Bureau of Statistics' calculations in the article show Australia's population increases by about one person every 83 seconds, based on average birth, death and net migration rates.
The article notes a birth occurs on average every 104 seconds, a death every 212 seconds, and net migration adds one person every 139 seconds — which together produce a net population increase of about one person every 83 seconds.
The article highlights extremely high short-term rents in Port Hedland, citing an average weekly rental of about $1,999 in a March quarter and $2,544 in the June 2012 quarter, illustrating how strong local demand pushed rents to very high levels.
It says rental prices in the iron-ore export hub have tracked the mining boom: rents reached very high levels during the boom and have been moving as the mining cycle changes, with the article noting rents have been following the waning of the mining boom.
According to the article, about 82% of Australian first home buyers with a mortgage choose to buy an existing dwelling rather than a new one.
Yes. The article says Tasmania has the strongest preference for existing homes (barely 5% of first home buyers choose a new dwelling), while Victoria and Western Australia show the highest tolerance for new homes — though even there roughly three quarters still choose existing dwellings.
The article's figures suggest most first home buyers prefer existing dwellings, which indicates consistently strong demand for established homes across many markets. Investors can use that context when weighing opportunities in established stock versus new developments.
These statistics provide useful context: population growth rates signal long-term demand drivers, volatile weekly rents in mining towns show how local economies influence rental markets, and the strong preference among first home buyers for existing homes helps indicate where demand may be concentrated. Together they help investors assess regional housing and rental dynamics.
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