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Tuesday, 26 June 2018

Beautiful one day; southern equity the next


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