- 4 October 2019
Interstate Migration - who is moving where?!
Domain reports that Victoria’s population had the most rapid rise over the year to March, with recently released figures from the Australian Bureau of Statistics showing it jumped an estimated 133,500 people. However net interstate migration – at about 12,800 people – dropped 15 per cent annually.
Victoria was second only to Queensland for net interstate migration, with the Sunshine State gaining almost an extra 23,300. Tasmania also saw a much smaller increase of about 2300.
Net losses occurred in NSW (about 22,000 people), Western Australia (8000), the Northern Territory (4300) and South Australia (4000). The Australian Capital Territory experienced no real net change, while everywhere, apart from the Northern Territory, recorded overall population growth.
For over 25 years now, Property Club have been assisting Club members to safely invest in residential property in areas like the above, best chosen for long term capital growth!
Make contact with your Property Mentor or enquiries@propertyclub.com.au for further information, so you can get the right properties in the right areas, best selected for capital growth!
Regards,
Troy Gunasekera | National Manager
Related Posts
New Queensland Rental Regulations: What Property Investors Need to Know
The Queensland rental market is set for a significant shake-up, and as a property investor, it’s crucial to stay ahead of the curve. The state's new minimum housing standards, which began taking effect in September 2023, are more than just a regulatory update—they represent a shift in the expectations tenants will...
Who’s Responsible for Mould in Your Rental Property: Tenant or Landlord?
Mould, it’s the unwelcome guest no one wants in their home. It’s unsightly, potentially hazardous to your health, and dealing with it can be a real headache. But when mould creeps into a rental property, the big question arises: Who’s responsible for cleaning it up, the tenant or the landlord? The answer isn’t...
Unlocking Your Mortgage Potential: Finding the Best Fit Between Offset Accounts and Redraw Facilities
When managing your mortgage as an Australian property investor, understanding the benefits of offset accounts and redraw facilities can greatly enhance your financial efficiency. Both tools offer strategic ways to reduce the interest you pay and accelerate your mortgage repayment, but they function differently and...