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Saturday, 22 June 2019

Need some time in the Sunshiiiine

Time to shine

Queensland's population growth surged towards 90,000 for a growth rate of +1.8 per cent in 2018.

That's up from about 80,000 in 2018, for the strongest growth since the mining boom of 2012, and takes the population of the Sunshine State to beyond 5 million. 

As at December 2018 New South Wales had a population of more than 8 million, and in Victoria the estimated resident population moved above 6½ million. 

The increase for Queensland is being driven by net overseas migration as immigrants head for the south-east Queensland lifestyle and Aussie expats return from pastures elsewhere. 

The inner city of Brisbane saw an apartment building boom between 2013 and 2016, but things have visibly calmed down in this regard over the past couple of years. 

Measured on a statewide basis the ratio of estimated population growth to dwelling commencements has rebounded to the highest level in half a decade. 

Accordingly Brisbane's rental market is now steadily tightening, following a difficult period for landlords.