A fundamental equation in the property game is that a rising population can deliver excellent property price growth – and this has certainly been the historical case for Brisbane.
One of the best measures of Brisbane’s relative success compared to other Australian population centres is Net Interstate Migrate (NIM).
This ABS statistic is a measure of how many of our national population are moving from one state to another.
Long-time Brisbane residents will remember the 2002 and 2003 real estate booms where some areas saw property prices rise 20 to 30 per cent.
This was accompanied by an annual NIM number of 35,000 new residents (mostly from NSW and Victoria).
And history is starting to repeat.
After languishing with a NIM of around 6000 during the 2010 financial year, Queensland is once again riding a wave of population popularity.
The sunshine state achieved a net gain of more than 7200 people from interstate in September quarter 2020 alone, while NSW faced a net loss.
That Queensland quarterly result equals an annual increase in population of close to 29,000.
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