• 3 August 2018

Population Growth In Queensland Has Made It The Top State Destination For Interstate Migrants, Passing Victoria

Queensland's mining downturn is expected to finally dissipate.

The sunny state of Queensland is expected to buck the credit crunch trend seen in Melbourne and Sydney, Deloitte economists predict.

Citing the Deloitte Access Economics report, The Courier-Mail said many home buyers who are priced out in expensive states migrate to Queensland for more affordable homes.

In Deloitte's view, the Queensland's mining construction downtrend has already dissipated, improving the state's economic conditions and appeal.

With things starting to improve for the state, Deloitte economists are expecting Queensland's housing construction to swing upwards.

This positive news is also further reinforced by the Palaszczuk Government releasing an update to its 2018 State Infrastructure Plan as it aims to roll-out a total of $45.8 billion worth of infrastructure over the next four years.

The second part of its State Infrastructure Plan (SIP) focuses on a range of infrastructure spending with its updated release, outlining the $11.6 billion of infrastructure investment to be rolled out in 2018-19, which aims to support up to 38,000 jobs.

Just have a look at the level of investment going into our largest northernmost City:

Queensland State Infrastructure Plan - Part B Program - 2018 update

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Have a great weekend and catch you next week!

Warm Regards,

Troy

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