Newcastle is one of the largest growing areas in 2015.
In 2016, the population of Newcastle is 165,050 and is expected to increase at an exponential rate of 1% every 5 years. It is predicted that in 2036, Newcastle will have a population of 198,350 which is a 20.2% growth between now and 2036
The projected population change is affected by the interaction of migration, births and deaths however the main factors that are influencing change in the area over the next 20 years are internal migration gain and overseas migration.
Through this table, it is evident that the largest increase in age profile is people over the age of 65. It is expected that the population of that age group to double over the next 20 years. This highlights that Newcastle is a popular destination for retirees as the housing prices in Newcastle are significantly cheaper and are more affordable and as a result is an attractive area for retirees.
To satisfy the increasing infrastructure demand to cater for the increasing population, it is projected that an addition of 16,800 dwellings will be need to be built over the next 20 years.