POPULATION GROWTH FIGURES REVISED UPWARD

THE Far North's population is predicted to grow by a third, nearly 100,000 more people or 5000 a year, in the next 20 years.

The State Government has revised its anticipated population growth for the region with the number of people living in the Far North to top 373,000 by 2031, 28,000 more than the 345,000 figure predicted three years ago.

The Far North’s population stands at 278,000.

It will make the region the biggest population centre outside the southeast corner, ahead of north Queensland (from 237,461 to 346,263).

Population growth is a major underlying factor for the demand of housing and activity within property markets. Cairns now needs to address the issue of low local housing affordability and the current under supply of new dwellings.

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