Interstate Migration – who is moving where?!

Property Club Other

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 for further information, so you can get the right properties in the right areas, best selected for capital growth!

Troy Gunasekera | National Manager