Sustainable population growth is a key ingredient for a reliable and steady property market so we say to new Queenslanders: welcome aboard!
Figures released by the Australian Bureau of Statistics show Queensland’s estimated population of nearly five million rose by 70,442 in 2016 with about 20 per cent of the growth – 14,652 people –from net interstate migration.
This was significantly higher than the net 8,326 people who moved to Queensland from interstate in 2015 and more than double the 5,598 people who moved to Queensland in 2014, according to the Queensland Government.
The Census data also paints a picture of growth, showing substantial population growth in Brisbane and surrounds, reports Brisbane Times. Just where are we putting all the bodies?
- North Lakes is the fastest-growing region in the state, with a whopping 39 per cent increase in population between 2011 and 2016.
- Ormeau-Oxenford was the second fastest-growing region with a 28.7 per cent increase in population.
- A sea change trend is also evident with Buderim (19.1 per cent), Surfers Paradise (15.6 per cent), Caloundra (15.6 per cent) and the Gold Coast (12.4 per cent) all recording growth.
- The Greater Brisbane area grew from 2.07 million to 2.27 million or 9.9 per cent over the same period.