It’s the question on everyone’s lips as Australians are increasingly moving from southern states to sunny Queensland. Data from the Australian Bureau of Statistics (ABS) has shown that in March 2021, Queensland welcomed about 7,000 people from interstate. Comparatively, Victoria lost almost 5,000 people in the same quarter whilst NSW lost 4,500.
So why is everyone moving to Queensland?
Lifestyle is undoubtedly one of the main reasons Australians of all ages are making the move to Queensland. Picturesque, white sandy beaches are just a short drive from most areas of Brisbane, and on the doorstep of many Gold Coast suburbs. Queensland residents are spoilt for choice when it comes to finding a beach to spend a warm day. Speaking of warm days, Queensland is an ideal location for those chasing summer weather all year round.
Speaking particularly about the Gold Coast, Venture Property Director Brent Dallow said that “it’s lifestyle the Gold Coast offers in abundance,” with “perfect all year round weather allowing for indoor-outdoor living and a host of outdoor activities”. Dallow also described the Gold Coast as “easy to get around with continued huge infrastructure expenditure on great road, rail and tram networks, [as well as] waterfront bike trails.”
Living in Queensland provides residents with the best of both worlds. Cities like Brisbane and the Gold Coast are some of the most bustling business districts in Australia, whilst they’re also just a stone’s throw from Australia’s most pristine beaches and best dining.
Another major factor bringing many people to Queensland from southern states is the affordability of housing. Compared to other major cities like Sydney, Brisbane properties tend to be cheaper. The median rent in Brisbane is also lower. This is an extremely enticing prospect for young families or young professionals looking to create a lifestyle that is more accessible and affordable.
There are an abundance of opportunities in Queensland, with significant development in infrastructure planned for the coming years and an expanding job market. Treasurer Cameron Dick has said the strong economy and job creation in Queensland will continue as the state’s projected population growth is expected to rise from 1 per cent to 1.25 per cent in 2022-23.
Brisbane is also making its mark as a global city, especially in the lead-up to the 2032 Olympics, which it will host. The announcement that Brisbane will host the 2032 Olympics is expected to push up property prices over the next decade. With the commencement of Stage 3 of the Gold Coast light rail, which will extend the network from Broadbeach South to Burleigh Heads, the property market is also expected to strengthen in this area. Buyers making the move to the sunshine state now are likely to make a worthwhile property investment that will benefit them in the years to come.
As the population in Queensland continues to grow, so do the opportunities. Offering an enviable lifestyle of inner-city connectivity paired with the relaxed atmosphere of a beachside town, moving to Queensland has proven to be a worthwhile investment in lifestyle, property and opportunity.