Older Australians will lead the demographic demand for new housing, according to a new report released by the Residential Development Council.

Those aged over 50 will be responsible for around two-thirds of the nation’s population growth in the next 18 years, creating movements to new regions and innovations in styles of housing. 

“The Australian population experienced its biggest increase on record last year,” said Residential Development Council’s executive director Caryn Kakas.

“Within 20 years, Australia’s population is anticipated to increase by just under six million people, or by 27 per cent, bringing the total number of permanent residents to 28 million people.

“To achieve affordable housing choice for all current and future Australians in a market that is currently chronically undersupplied, it is imperative that Australia gets building.

“Building needs to take place with clear forward planning, which should be linked to infrastructure delivery, be sustainable, as well as offer housing choice,” Ms Kakas said.

The Top 10 Growth spots around Australia are:

1.Hervey Bay, Qld
2.Bunbury, WA
3.Gladstone, Qld
4.Gold Coast-Tweed, Qld & NSW
5.Sunshine Coast, Qld
6.Cairns, Qld
7.Mandurah, WA
8.Brisbane, Qld
9.Mackay, Qld
10.Townsville, Qld

Australia’s capital cities will also grow by 2027:

Sydney, 23% to 5,484,205
Melbourne, 30% to 5,102,525
Brisbane, 45% to 2,725,545
Perth, 42% to 2,303,966
Adelaide, 18% to 1,395,812
Hobart, 17% to 246,988
Darwin, 36% to 167,734
Canberra, 24% to 493,215

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