RETAILERS GAIN FROM IMMIGRATION

With the company reporting season in full swing, it has been noted that some retailers, particularly electrical stores such as JB Hi Fi have shown better than expected results due to the growth in the Australian population through immigration.

In the past five years, Australia’s population growth has averaged 1.56% a year which is well above the annual average of 1.37% since 1981.

So the growth rate of the Australian population in the past 5 years is 14% higher than the 34 year average.