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Interstate migration to Queensland on the rise, but…

Two minute read

Queensland’s interstate migration figures have improved and they now account for 21% of the state’s annual 70,000 population increase during calendar 2016.

Queensland’s overall rate of population growth is also rising.

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Yet, rising population growth isn’t always a good thing, especially when most of the current moves are to already overcrowded, and often poorly serviced, urban areas.

Many are now moving to Queensland because of its cheaper housing price point (when compared to Sydney and to some degree, Melbourne), but it is like importing holes in a bucket. australia

When I am asked about why someone would move to Queensland, I often quip, “poverty is easier in a warmer climate.”

There is always an element of truth in a wisecrack.

Also, the state desperately needs a practical population/housing/employment plan.

We should be directing migration to where we want it to go.

And this plan is needed now.

What we have could be a whole lot better.

Victoria seems to be getting this right.

Accidental Anastasia isn’t. 

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Overall, and taking a longer term view, Australia (and Queensland) needs more bums on seats.

We need a younger demographic to buy stuff; pay taxes and support us oldies.

One of Australia’s saving graces is that it has enjoyed a high rate of population growth over recent decades.

This will hold us in good stead – well, better off than many other countries – in coming decades.

It is just that too much of the current population growth is now concentrating in a select few areas.

This is like a pressure cooker.

We can do something about it.

We have secured 100 copies of the latest edition of Michael Matusik’s Capital Cities Market Outlook Report” for just $99 plus GST. 

This is a 33% saving for readers of Property Update! 

Please hurry, as we have been allocated limited numbers of these reports at this price.  Please click here now to secure your report and use the code: YARDNEY2017 



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About

Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive


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