Be sure to keep an eye on Queensland property prices as it’s confirmed that interstate migration has hit an all-time high for the sunshine state. The Australian Bureau of Statistics shows that the net interstate migration is the highest it has been in 8 years and doesn’t appear to be slowing down.
The Sunshine Coast was the strongest performing regional housing market in Queensland in September, with home values rising 6.6 per cent.
Queensland Premier Annastacia Palaszczuk pointed towards her government’s marketing campaign in other states promoting Queensland as an attractive destination to relocate to, along with the added benefits of lower taxes and house prices to take advantage of.
“It’s a resounding vote of confidence again as more and more people are continuing to find our state an attractive destination to live, work and raise their families,” Ms Palaszczuk said.
There also appears to be substantial infrastructure plans taking place including construction of the Ipswich Motorway which will certainly ease the pain of commuters getting to work, and we all know what convenience can do to the price of property.