This is what is really driving our housing markets


It’s the surge in migration that drives our housing markets and economies.

Net migration is a key short term driver of new housing demand and general housing market activity with latest ABS population data revealing continuing strong results for both Victoria and New South Wales.population growth

The sum of net overseas and net interstate migration for each of the states and territories reveals a disparity of results that clearly reflects the performance of local economies as well as capital city housing markets.

Victoria remains the clear leader for net overall migration with a total 81,706 arrivals over the year ending June 2016.

Next highest was NSW with 59,812 followed by Queensland 31,600, Western Australia 5,937, South Australia 2,765, ACT 1431 and Tasmania 1185.

The Northern Territory recorded a net loss of migration of 2276 over the year.


The Victorian total is the second highest recorded by that state over a financial year on record and a clear contributor to the recent nation-leading house price growth of the Melbourne property market.population

By contrast, the Western Australian result is the lowest recorded by that state since 2004 and well below its record financial year total of 13,603 set over 2009.

Although net overall migration into Queensland increased over the year ending June 2016 compared to the previous year, similar to Western Australia, the latest result remained well below the record 74,021 also set over the 2009 financial year.

 Tasmania is showing signs of a revival in migration with its best result since 2010 although still well below the 2343 recorded over that financial year.

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.


Dr Andrew Wilson, Chief Economist of is widely regarded as Australia’s leading property economist.

'This is what is really driving our housing markets' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts