According to the latest Australian Bureau of Statistics population data, more people are heading abroad than arriving, and current resident herds are flocking to Queensland.
Australia’s population increased by 0.3% in the 12 months to September 2021, a slightly higher growth rate than in recent quarters, but the pandemic has significantly reduced the population growth rate.
In the September quarter, 19,942 more residents moved abroad than foreign residents moved to Australia, but over the past 12 months, 67,268 residents have moved here. I moved overseas than.
Overseas migration is not the only source of population growth. Natural growth (birth minus death) also contributed, with an increase of 31,998 in the September quarter and 136,185 per year.
At the state level, population growth Promoted by interstate movement – The number of people moving from another state or territory minus the number of people moving to another state or territory.
New South Wales (-13,640), Victoria (-2,148), South Australia (-191), Tasmania (-513), Northern Territory (-50), Australian Capital territory (-1,036) in the September 2021 quarter ) Was the only state or territory in Queensland (16,612) and Western Australia (1,553) that recorded a net increase in population, while the net loss of residents.
In fact, Queensland’s interstate net immigrants had a record quarterly population growth of 16,612, compared to a 12-month net interstate immigrant of 40,619, the highest annual growth rate since December 1994. did.
Australians continue to flock to Queensland from other states and territories.Photo: Getty
Queensland has seen the largest quarterly influx of residents from other states and territories, but New South Wales’ population decline of 13,640 was the largest on record.
By September 2021, population outflows from Victoria had slowed slightly on both a quarterly and annual basis, but the state recorded net losses from interstate migration at the fastest pace since the mid-1990s. Continue to do.
Also, remember that many residents of Sydney and Melbourne have moved from these cities to the provinces. While the data show strong migration to other states and territories, there was also a significant decline in population from these cities to rural areas. Of those states.
Population growth is a major driver of housing demand, both for rent and for purchase. Given this, it’s no surprise that Queensland’s housing demand is very strong.
Melbourne’s long-term blockade and restrictions during the COVID pandemic caused a large outflow of locals.Photo: Getty
In the next quarter, we’ll look at how the end of the blockade will affect population growth. Later, we will witness the resurgence of international migration to Australia. This could further increase housing demand.
Monthly overseas arrival and departure data show that it has begun to slowly return, but the mid-year economic and fiscal outlook from the federal government is at pre-pandemic levels for net foreign migrants until 2024-25. I don’t expect it to return to.
I don’t think there is much change in the trend of pure overseas migration seen before the pandemic.
At that time, most foreign immigrants chose to settle in New South Wales, especially Sydney, or Victoria, and primarily Melbourne.
Their final return should generate more demand for housing in those areas, mainly for rental housing in the first example.