Midyear state of affairs: A closer look at the country’s markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
Investors will benefit even more greatly from the Federal Government’s The State of Australian Cities Report, of which the 2012 edition will include even more data about the various major cities across the country.
The report will include several new categories, including crime levels, community safety perceptions and rising city temperatures, according to minister for infrastructure and transport, Anthony Albanese.
The report, he said, is of critical importance and interests investors and Australians greatly, with the 2011 report, released last October, having been fully downloaded more than 1.2 million times.
This was the second edition of the report and provided comparisons between cities. The 2012 edition is said to be out in late this year to early 2013.
“Our cities are too important to ignore with three out of every four of us living in a major city,” Mr Albanese said last week at the Property Council of Australia’s inaugural Nation Building Oration Dinner.
“It is our cities that are the powerhouses of our economy, generating 80 percent of our national wealth,” he said.
The report is currently being prepared and will be even more critical for investors due to the use of the latest census data.
Information generally included in The State of Australian Cities Report includes; demographic data, including population change and resident characteristics; a liveability analysis, including quality of life, housing, affordability and accessibility; productivity, including employment and industry, and governance.
According to the 2011 report, the aim of the study is to inform different stakeholders about the progression of these key Australian cities.
“In turn, the data contained in this report will help underpin policy, planning and investment decisions and provide a framework for ongoing monitoring,” it states.