Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 26 June 2018

Beautiful one day; southern equity the next

Queenslander!

What's that you say?

Everyone's moving to Queensland?

So they are!

Here's the incomparable Cameron with the stats.

Where are they coming from?

Sydney mainly...


Source: Kusher/CoreLogic

...and Melbourne...


...and pretty much everywhere else too.


This is a rational response to a price signal, with south-east Queensland offering great affordability and lifestyle.

This is a powerful trend because these interstate migrant-settlers bring equity.

There's a potential counter-point to this, being the higher than usual number of net overseas departures in the lead-up to Christmas.

I'd say you should hold your horses on that, because with so many temporary visas now on issue - especially to international students - the overseas movements are likely becoming more seasonal and we'll probably see a reversion in the March quarter. 

I looked at the trends in a bit more detail here