With interstate migration into Queensland down to pre-1985 levels, overseas migration and natural increase is propping up Queensland’s population growth of 117,000 per annum.
The Federal Government forecasts that whilst natural increase will continue to grow, overseas migration will fall by some 120,000 over 2011-13 in Australia. The effect of this on Queensland is likely to be a fall of 25,000-30,000 in net population growth per annum.
Interstate migration to Queensland has moderated since 2003, and is unlikely to increase over the next few years because of the relative price of housing between Brisbane, Sydney and Melbourne (Victoria now being the more affordable state) and the generally weak economic growth in Australia.
Queensland’s economy is driven by coal mining and population growth, the latter affecting the major cities in particular. Declining population growth will have a negative effect on Queensland’s economy, particularly in South-East Queensland.
Does this kind of commentary interest you? Then visit www.midwoodaustralia.com to gain access to a 33 year historical library of Queensland facts and figures.
Sunday, August 1, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment