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.
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.
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.
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
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.