The population is currently experiencing rapid annual growth, which could be a great opportunity for anyone interested in purchasing houses for rent in Belconnen in the new year.
According to a recent Australian Bureau of Statistics (ABS) release, the nation's population rose to 23.13 million people half way through 2013, which equates to an annual growth rate of 1.8 per cent.
The addition of 407,000 new people into the country was well above the long term national average and highlights the path future growth will take in the coming years.
Housing Industry Association (HIA) Economist Geordan Murray said the latest data from the ABS has indicated the population will continue to grow at an above average rate into the future, with the projection for migrants alone reaching an estimated 240,000 people annually.
"Healthy levels of skilled migration, such as we are currently observing, will become increasingly important if we are to see the productivity improvements that will deliver sustainable advances in living standards," said Mr Murray in a December 17 statement.
This could indicate a great time to secure Belconnen real estate for investment purposes, and cement yourself as a landlord in the local property market.