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Queensland Real Estate Report: Positive Population Growth

by Marquette Turner Luxury Homes

in Features, Money & Business, Real Estate Radar

I have long thought that Queensland is a great choice as a home for singles and families alike. The Australian Bureau of Statistics has released the latest details on Queensland today and Queensland’s population is growing fast. In the last 7 years Queensland has grown by almost 700,000 people – a rate of almost 100,000 every year.

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The population of Brisbane is now close to 1.95 million people, an increase of almost 300,000 in 7 years. The Gold Coast has grown faster than any other area in Queensland with a population of 497,800 people – growing by more than 110,000 (3.7% annually) in the last 7 years. The Gold Coast is now the 6th largest city in Australia, passing Newcastle, NSW which has grown by only 7,000 in the same period.

Queensland now accounts for 20% of the Australian population and between September and December 2008, 12400 (42%) of the 29400 total population increase was due to natural growth –excess births compared to deaths. 39% (11600) of the growth was due to net overseas migration in Queensland and 18% (5400) was due to net interstate migration.

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This growth is great news for property owners throughout Queensland as demand for accommodation continues to grow and should provide a solid buffer for property prices. With unemployment at 5.4% which is less than the national average and the number of building approvals increasing for 3 consecutive months following 16 months of decline it appears that Queensland is moving in the right direction.

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{ 5 comments… read them below or add one }

simonturner July 20, 2009 at 1:09 am

Queensland is achieving population growth because is doing better at foreseeing future needs better than other eastern states, particularly NSW. All in all, it's a very attractive place to live. There is no true comparison between Newcastle and the Gold Coast anymore – one has stalled and the other is pushing forwards

Michael Marquette July 20, 2009 at 1:52 am

Hi Simon

Without question Queensland is moving ahead in leaps and bounds and the economic downturn should see Queensland continue to strengthen as people put off overseas travel and choose to travel domestically – Queensland is such a great holiday destination. New South Wales is stumbling and has been for a long time and the State Government seems to have very little vision – we are losing people to Queensland every week.

The Gold Coast is a stunning location and Newcastle (the City where I was born) has been left behind. It's sad that NSW has allowed that to happen.

Michael

simonturner July 20, 2009 at 8:09 am

Queensland is achieving population growth because it is doing better at foreseeing future needs better than other eastern states, particularly NSW. All in all, it's a very attractive place to live. There is no true comparison between Newcastle and the Gold Coast anymore – one has stalled and the other is pushing forwards

Michael Marquette July 20, 2009 at 8:52 am

Hi Simon

Without question Queensland is moving ahead in leaps and bounds and the economic downturn should see Queensland continue to strengthen as people put off overseas travel and choose to travel domestically – Queensland is such a great holiday destination. New South Wales is stumbling and has been for a long time and the State Government seems to have very little vision – we are losing people to Queensland every week.

The Gold Coast is a stunning location and Newcastle (the City where I was born) has been left behind. It's sad that NSW has allowed that to happen.

Michael

gold coast hypnosis March 10, 2011 at 7:13 am

While some Australians and politicians became fixed on working out if the floods, cyclones and bush fires that have affected Queensland, Victoria and Western Australia so savagely this year, are a sign of things to come and climate change induced, the reality on the ground is finding places for people to live now while rebuilding is plannedQueensland Real Estate Report Positive Population Growth.

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