Queensland’s population growth is exceeding all other states (as per the ABS), in fact some states are experiencing negative growth. BIS Shrapnel forecasts continued growth with around 50% greater net migration to Queensland by 2015 over any other state or territory in Australia.
2015 BIS Schrapnel Forecasts of net migration (‘000s):
Why Invest in Queensland?
Here’s why the experts are saying to buy in South East Queensland now:
- Jobs Growth
According to Queensland Government projections, employment within the Ipswich LGA is expected to grow by up to 76,000 jobs to 2031, taking the total jobs in the LGA to 143,000.
- Infrastructure investments
Almost $19bn is to be invested in the Queensland transport infrastructure over the next four years.
- Residential and rental growth
The Ipswich LGA is forecast to be the fastest growing population in Queensland to 2031. Projected 65% growth from 787,073 households in 2011 to 296,940 in 2036 – Second greatest growth behind Perth in projected number of households (ABS Australian Demographic Statistics, Sep 2014).
- Proven performance
The Queensland economy has consistently demonstrated above average growth with an average of 4% over the last decade.
- Affordable housing
Ipswich and Logan Cities are the most affordable areas in South East Queensland and this will drive demand and capital growth over the next 2 years.