POSSIBLE INFLUX TO QLD FROM THE SOUTH
The troubled NSW economy could spawn a wave of “economic refugees” keen to pursue job opportunities and flattening house prices in South-East Queensland.
RP Data’s research director, Tim Lawless, said NSW was going through a “rough patch”, with the highest state unemployment rate in the country.
Tim Lawless, RPdata, was quoted in an interesting article in the BrisbaneTimes this morning.
Lawless said “I wouldn’t be surprised if there was a rise in interstate migration coming into Queensland,”
Historically, people moved to Queensland from the southern states because of differential property prices, but these have largely evened out, he said.
But the Sunshine State still offered attractive employment opportunities, particularly in the resources sector.
This is just another factor to add to the current real estate climate for Queensland if it happens. I hope the State Government infrastructure planning improves over the next five years.
