Queensland - NHSC 'HOTSPOT'

Queensland Social Lifestyle

The 'National Housing Supply Council' 2010 State of Supply Report

The Report has found that the demand for housing in Australia is expected to grow over the next 20 years with an additional 3.2 million dwellings needed to meet underlying demand by 2029, and that the gap between supply and demand is also likely to continue to grow over this period with a projection of a 640,600 shortfall.

Housing demand in Australia is continuing to increase due to national population growth, changes in household formation and historically high levels of immigration, and this will have major implications for housing affordability.

The Report shows that solving Australia's housing supply-side problems must be a high priority for Australian governments.

The adequate supply of land to support new housing is the principal driver for ensuring the maintenance of housing affordability in Australia, so unless the supply-side issues are rectified, housing will increasingly become less affordable for Australians...

This will see an increase for Queensland of more than 860,000 new households during this period! (Prior to recent flooding devastation)

State of Economy

The Queensland economy offers investors a sound, safe, long term investment climate. Queensland has the added advantage of being positioned in an extremely stable and resilient country. In 2009, Australia's economy ranked as the third most resilient in the world to economic cycles (2009 IMD World Competitiveness Yearbook).

Queensland is projected to experience the largest percentage increase in population between 30 June 2007 and 2056, more than doubling the 2007 population of 4.2 million to 8.7 million people by 2056. As a result Queensland is projected to replace Victoria as Australia's second most populous state in 2050.

Queensland's economic environment

Economic indicators Queensland

  • Population 4.45 million
  • Population growth 2.7 per cent
  • Gross State Product A$209 billion
  • Economic growth 0.2 per cent
  • Inflation 3 per cent
  • Unemployment rate 5.5 per cent
  • Exports of goods and services A$56.4 billion
  • Imports of goods and services A$33.9 billion

Queensland economic fast facts

Economic growth in Queensland is expected to slow to 0.5 per cent in 2008-09, with the economy forecast to contract by 0.25 per cent in 2009-10 before returning to growth in 2010-11 (Queensland Government Budget 2009-10).

Queensland's population was estimated at over 4,349,500 by 31 December 2008 (20.1 per cent of the Australian population). Queensland's population increased by 106.560 persons over the 12 months to 31 December 2009. This was a growth rate of 2.4 per cent, the second highest growth rate of all states and territories, and higher than the growth rate for Australia (2.0 per cent). Net overseas migration made the largest contribution to population growth in Queensland in the 12 months to 31 December 2009 (50.0 per cent), followed by natural increase (37.3 per cent) and net interstate migration (12.7 per cent).

Population growth, 2003-04 to 2007-08

    Year - Queensland / Rest of Australia
  • 2005-06 - 1.9% / 1.3%
  • 2006-07 - 2.2% / 1.5%
  • 2007-08 - 2.2% / 1.6%
  • 2008-09 - 2.7% / 2.1%

(Sources: ABS Australian Demographic Statistics, September (cat:3101.0) & State of Queensland Government)

Lifestyle

It is no secret that Queensland is the lifestyle capital of Australia. The State boasts world-renowned beaches, national parks, rainforests, reefs and a sub-tropical climate.

Queensland is one of the world's most livable cities thanks to these natural wonders and other benefits such as:

  • low cost of living
  • affordable housing
  • impressive public transport
  • vibrant arts and culture
  • diverse sport and recreation
  • world-class education system and advanced health services
  • more than 300 days of sunshine a year.

The advantages of living in Queensland are clear. The State's enviable lifestyle entices people to visit and migrate from all over Australia and the world. It is truly a multicultural, vibrant and diverse state, which greatly enhances the ability to do business globally.

Live better at lower cost

Brisbane is around 40 per cent more affordable than that of the world's most expensive cities. Such affordable benefits are bound to be of value to your staff and therefore of value to your company.

Cost of Living

  • Tokyo 143.7
  • Hong Kong 108.7
  • New York 100
  • Beijing 99.6
  • Singapore 98
  • London 92.7
  • Dubai 90.1
  • Seoul 80.6
  • Sydney 75.5
  • Melbourne 69.9
  • Brisbane 65.3
(Source: Mercer Human Resource Consulting, cost of living survey March 2008)

Housing affordability

Queensland's housing prices are competitive to other Australian states, making the move to Queensland economically attractive. The mean house price in Brisbane in the March 2009 quarter was A$416,500, which is 3.7 per cent less expensive than Melbourne and 33 per cent less expensive than Sydney.

(Sources: The Real Estate Institute of Australia - March Quarter 2009 / National Housing Supply Council)

(The information supplied is considered as general facts and statistics and should in no way be relied upon when making an investment decision. Parties interested in making an investment decision should carry out their own due diligence and seek independant advice)

Register for an event
Register for updates
Subscribe to our newsletter
Rental Applications
We proudly support
We proudly sponsor Free the Bears