Invest in Queensland

QUEENSLAND has overtaken Victoria to become the nation’s interstate migration capital, with new-found economic optimism and a resilient housing market luring an influx of southerners north.

The latest population figures released by the Australian Bureau of Statistics reveal the sunshine state was the most popular destination for people moving from other states in the 12 months to the end of March.

Queensland recorded a net interstate migration gain of 24,000 people during the period, with the population increasing overall by 1.7 per cent or 83,300 to 4.9 million.

Queensland’s population increased 1.7 per cent in the year to March 2018.

Victoria was the next most popular among interstate movers, with a net gain of 15,100.

ABS demography director Anthony Grubb said it was the first time in four years that Queensland had overtaken Victoria in terms of net interstate movement.

“Before that, Queensland was the biggest gainer for 20 years, excepting a brief period in 2011 when Western Australia overtook it,” Mr Grubb said.

“The most common move between states was from New South Wales to Queensland with 52,000 people making the move north.

“The next most common move was in the opposite direction with 36,900 people moving from Queensland to New South Wales.”

Experts say Queensland’s housing market and lifestyle is attracting people to the state. Picture: AAP/David Clark.

Experts say Queensland’s improving economy, standard of living and relatively affordable housing market are driving the surge in interstate migration.

“I think what’s happened is that with house prices in NSW becoming unaffordable for many at a time where southeast Queensland markets haven’t moved much, people are starting to think there’s better value in Queensland,” AMP Capital chief economist Shane Oliver

said.

Houses in the Brisbane suburb of Paddington. Image: AAP/Darren England.

“People in Sydney are saying it’s too crowded, too expensive and they’re looking elsewhere — and Queensland has benefited from that.”

Mr Oliver said employment in the state had increased by 1.9 per cent in the past 12 months, which meant there were more jobs available.

“The Queensland economy had been held back by the end of mining investment boom but that drag is starting to fade,” he said.

A recovery in Queensland’s mining sector is helping to boost economic growth.

SQM Research managing director Louis Christopher agrees.

“There are more southerners moving from Sydney and Melbourne to southeast Queensland to take advantage of the standard of living and better housing affordability — both on the buyer front and the rental front,” Mr Christopher said.

“Why this is happening now, as opposed to five years ago, is because job creation has increased in the Brisbane and the southeast Queensland economy.”

Queensland’s relatively affordable housing market is attracting interstate migrants. Many homeowners in Melbourne and Sydney were recognising the value in the Brisbane property market and seeing it as a good time to buy.

“Brisbane has been fairly flat over the last few years and we know the economy is doing better and there has been a return in mining and engineering roles, so it’s quite different to what we’re seeing in Sydney and Melbourne, where it makes sense for people to hold out until things calm down,” Ms Conisbee said.

New ABS population figures show more people are moving to Queensland.

“Brisbane is now looking more positive than last year, so if you are looking to get into the market, I think now is a good time.”

Australia’s population grew by 380,700 in the 12 month period to 24.9 million, with 62 per cent of the growth attributed to net overseas migration.

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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