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Australia continues to experience high population growth (08)

In the same period, Western Australia continued to record the fastest population growth at 3.1%, followed by Queensland (2.5%), the Northern Territory (2.0%), Victoria (1.9%), the Australian Capital Territory (1.7%), New South Wales (1.4%), South Australia (1.2%) and Tasmania (1.0%). Queensland and Western Australia gained the most people through net interstate migration from the other …

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Population arithmetic

Population Doublings The banker’s “1-70” rule of thumb states that 1 percent per annum growth (or compound interest) means a doubling of capital every seventy years; 2 percent growth means a doubling every 35 years, and so on. If Australia’s population continues to grow at its recent rate it will double in about 50 years. …

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