QUEENSLAND has become a favourite for migrants, with new arrivals increasing by more than a third in four years.
More than 24,800 migrants chose Queensland as home last financial year, up from 16,100 in 2002-03.
Immigration Minister Amanda Vanstone said yesterday: “Australians have always known what a wonderful place Queensland is to live and visit, but in the past five years the state has also become an increasingly popular destination for migrants.
Source: Courier Mail Newspaper
The article comments that RTA figures show that more people are renting in Queensland than ever before , especially SE Qld. Bonds held there have grown by more than 21,000 in the past 2 years. RTA figures indicate that people are renting unbits and townhouses rather than houses and living in the more affordable suburbs outside the inner suburbs. They also report government figures that show Queensland population boom will continue for some time and the increasing tennant demand indicates higher rents. The highest increases are in Mckay where rents have increases 45% in 3 years!!
The magazine also comments on the growth in the Northern Gold Coast where Coomera is expected to double its population in the next 5 years. The new 22 hecctare town centre will be developed around the Coomera Railway Station (Dreamworld) ,will cost more than $100mil will be bigger than Southport.
GOLD Coast Airport is to have a state-of-the-art $100 million terminal as the centrepiece of a sprawling $1 billion-plus business precinct with high rises, office towers and a train line.
Airport chief executive Paul Donovan unveiled the radical plans yesterday, saying the 460m runway extension under construction now was only the tip of the iceberg for the airport.
“It’s going to be a small city,” he said. “We are going to create a terminal and an airport precinct that has the ‘wow’ factor. Mr Donovan said the runway extension would be a huge money spinner for the airport and the Gold Coast, allowing in fully loaded Boeing 767s and 787s and luring carriers flying direct from the US, South-East Asia, Japan, China and the Middle East.
The bonanza would pay for a new $100 million terminal that is already in the design stages and is ‘just a few years away’, according to Mr Donovan. “In 10 years we should be satisfying the people in our catchment area with direct flights throughout Asia and connecting long-haul flights from there. Effectively you could fly everywhere,” said Mr Donovan
The Courier Mail headlines read “Boomleigh” and comment that the area of Beenleigh is booming as the Gold Coast struggles to squeeze in 600,000 new residents by 2013. A report from PRD highlights the problems of housing the 280 new residents that arrive every week. The paper also gave median house prices for Gold Coast suburbs from 2001 to 2006 and many have shown average annual increases of over 20%.
See median prices after the jump:
http://www.news.com.au/couriermail/extras/house_prices/housing.htm
The latest Real Estate Institute of Queensland (REIQ) rental vacancy figures confirm that Queensland’s rental market is in crisis.
The REIQ September quarter figures show people across the state – from the inner and outer suburbs of Brisbane, Maryborough and Gladstone to the southern Darling Downs, Townsville and Rockhampton – are struggling to find rental accommodation.
“With an additional 1,200 people coming to the Sunshine State from interstate or overseas every week, there are simply not enough houses to accommodate everyone,” Mr McGrath said.
“Demand is one of the key drivers of higher rents and this trend is likely to continue with Queensland’s population and resources boom not showing any signs of abating.”
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