Population Grows at Fastest Rate in 3 Years as Queensland Picks up

Population Grows at Fastest Rate in 3 Years as Queensland Picks up

One of the key points toward stability in our property markets, is population growth.

The Australian Financial Review reported that "There are more people leaving NSW for other states and more people travelling to Queensland from other states," Housing Industry Association senior economist Shane Garrett said. As many as 12,000 of Queensland's 19,000 net internal migrants were from NSW.

Queensland's 1.58 per cent annual gain was the quickest in three years and put it at 4,948,697. Great signs for the Queensland housing market, as these fundamentals, will continue the uplift in SEQ housing prices and rents that we are now seeing.

Employment Growth continues - great signs for our economy & property markets!

Employment grew for a 17th consecutive month in February.

Jobs Minister Michaelia Cash has described the latest jobs figures as "sensational" as the number of people in employment grew for a record 17th straight month in February.

"We have now seen for the first time ever, 17 months of continuous employment growth. That is sensational news for Australians," Senator Cash told reporters in Canberra on Thursday.

Have a great weekend and catch you next week!

Warm Regards, Troy Gunasekera

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