The slowest rate of population growth in 10 years and slowing rates of migration could spell unwelcome news for the construction sector in Australia not only in terms of reducing demand for new housing but also due to a slowing inflow of foreign workers to fill rising vacancies in some residential construction trades.

According to new ABS data, a 16 per cent drop in net migration levels (overseas arrivals minus overseas departures) has helped contribute to a decline in the overall growth rate of Australia’s population over the year to March. The country’s population grew by just 316,000 people, or 1.4 per cent,…