Connect with us

Market Place

Queensland’s population hits 5 million people today

Published

on

Queensland's population hits 5 million people today
PHOTO: Is this Queensland’s 5 millionth person? Cordy Kerr-Kennedy was born yesterday in Townsville. (ABC News: Mark Jeffery)

Queensland’s population has tipped the 5 million mark today, Premier Annastacia Palaszczuk has told State Parliament.

Ms Palaszczuk said several expectant families were on standby to welcome the state’s five-millionth resident.

“Somewhere today a brand new mum and dad will be eager to meet their new arrival,” she told the house.

“The whole family will want to know: is it a boy or is it a girl? And the doctor will say, ‘congratulations, it’s a Queenslander’.”

Ms Palaszczuk said the two main drivers of the increase were migration growth, particularly from New South Wales, and from 60,000 babies being born in the past year.

Queensland's population hits 5 million people today
PHOTO:
 The state’s five-millionth resident was born today.(ABC North Queensland: Nathalie Fernbach)

“Overseas and interstate migration is up by 50,000 people in the past year, 19,000 came from interstate … more than 12,000, or 230 a week, move from New South Wales to Queensland,” she said.

ABS data also revealed the fastest and largest-growing area in Queensland in 2016-17 was Pimpama on the Gold Coast, which grew by 3,000 people.

Large growth also occurred in Jimboomba on Brisbane’s south side and in North Lakes — a suburb north of the city — which both increased by 2,100 people.

Coomera on the Gold Coast and Springfield Lakes in Ipswich also experienced large growth up 1,400 people.

The State Government’s population counter gives a “synthetic estimate” of the number of current Queenslanders, assuming a total population increase of one person every 6 minutes and 22 seconds.

Earlier this year the Australian Bureau of Statistics (ABS) said Queensland’s population was growing at 1.7 per cent and was projected to tick over to 5 million in May.

ABS data released in March also revealed Brisbane was one of the country’s fastest-growing cities and had increased by 48,000 in 2017, hitting 2.4 million people.

 Queensland's population hits 5 million people today
PHOTO: The ABS estimated Queensland’s population was growing 1.7 per cent a year. (AAP: Dan Peled)

ABS demography director Anthony Grubb said the state’s population had “come a long way” in the last century.

“In 1901 the population was half a million; a tenth of what it is today… it took 37 years to hit the 1 million milestone in 1938 and another 36 years to reach 2 million in 1974,” he said.

But Mr Grubb said population growth “picked up the pace” after that, taking just 18 years to reach 3 million then only another 14 years to hit 4 million in 2006.

Queensland could be leading growth state in future

Population demographer Dr Elin Charles-Edwards said although Queensland is not currently the fastest growing state, it is possible it could top the leader board later down the track.

‘Not in the short-term, but Queensland is coming up off a relatively subdued growth so perhaps we might be entering an era of more rapid growth,” she said.

Dr Charles-Edwards said the challenges that generally come with increased population could be managed in Queensland.

“As long as we keep up and don’t take our eye off the ball we can continue to absorb quite high levels of growth… but really it’s keeping up with the infrastructure that’s the key challenge,” she said.

Dr Charles-Edwards said it was important to note some parts of the state, particularly in western Queensland, were experiencing population decline.

“While the south-east corner is growing and also many Indigenous communities are growing, other parts of the state are shrinking,” she said.

“Perhaps we could do more to encourage people to move outside the south-east corner.

“If we were able to work out some way to decentralise our population, growth a little bit further up into the northern regional centres, I think that would benefit the growth of south-east Queensland.”

Source: brisbaneinvestor.com.au

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Market Place

APRA to end cap on property investor loan growth

Published

on

APRA to end cap on property investor loan growth

APRA is removing the 10 per cent ‘speed limit’ on investor loan growth.
Photo: Louise Kennerley


The banking regulator is axing a 10 per cent speed limit on bank lending to property investors, saying the cap has served its purpose and improved credit standards.

With Sydney house prices falling and credit growth slowing, the Australian Prudential Regulation Authority on Thursday said it would remove the cap for bank boards that could prove they had been following its guidelines on prudent lending.

In late 2014, amid a surge in borrowing by property investors and rapid house price growth, APRA took the rare step of setting a 10 per cent limit on the annual growth in banks’ housing investor loan portfolios.

The measure has rocked the mortgage market in recent years, prompting banks to jack up interest rates for housing investors, and demand borrowers stump up bigger deposits.

But on Thursday, APRA chairman Wayne Byres said it was prepared to remove the measure because there had been an improvement in lending standards and a slowdown in credit growth.

“The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved,” Mr Byres

Even so, the regulator will retain a separate 2017 policy that requires banks to limit their new interest-only lending to less than 30 per cent of all new home loan approvals.

APRA also said there was “more to do” in improving other aspects of banks’ lending, including how they assessed borrowers’ expenses, their existing debts, and the approval of loans that fell outside of banks’ formal lending policies.

APRA said it expected banks to introduce limits on the proportion of new lending that could be done at “very high” debt-to-income levels.

“In the current environment, APRA supervisors will continue to closely monitor any changes in lending standards,” Mr Byres said.

“The benchmark on interest-only lending will also continue to apply. APRA will consider the need for further changes to its approach as conditions evolve, in consultation with the other members of the Council of Financial Regulators.”

Source: brisbaneinvestor.com.au

Continue Reading

Market Place

Stayin’ alive: How Brisbane’s Redcliffe has captured Bee Gees fever

Published

on

Stayin' alive How Brisbane's Redcliffe has captured Bee Gees fever

A long way from Redcliffe … Maurice, Robin and Barry Gibb in Los Angeles in 1979 at the height of their fame.

Photo: Getty Images

Before the brothers Gibb became the Bee Gees, they were carefree boys running around Redcliffe. The Brisbane suburb’s monument to the chart-toppers is a memory trigger for locals, and a reminder of happier times for the band’s last surviving member.

Bee Gees Way is 70 metres of pure nostalgia in a seaside town where memories, real and imagined, haunt the streets like ghosts on holiday. Open 24/7, the outdoor walkway has statues, videos, light shows set to music, photographs, album covers, and a giant mural of the Gibb brothers in their musical heyday.

Redcliffe’s tribute to its most famous sons spans a whole block, from a back street of the town centre, 30 kilometres north of Brisbane, to the foreshore, where whitecaps stud Moreton Bay and the peaks of distant Moreton Island rise through cloud on the eastern horizon. Across the street from Bee Gees Way is the Redcliffe Jetty, an earlier version of which became the naughty Gibb boys’ favourite hangout after they migrated here from Manchester with their family in 1958. The oldest brother, Barry, was 12 then; now, at 71, he’s the sole survivor of the tragedy-prone family act that began here and went on to become one of the world’s most successful pop groups.

The fact that the then-struggling Gibb family lived on Redcliffe Peninsula for only about 18 months – doing runners from one rental house to the next to avoid paying back rents – doesn’t faze Moreton Bay Regional Council mayor Allan Sutherland, a devoted fan who devised the elaborate paean to the Bee Gees after discussions with his now good buddy, Barry Gibb.

Boyishly thrilled by his association with the star – “He’s a lovely human being; you can’t write beautiful music like that and be a nasty person” – the mayor, 62, has built a souped-up version of the HT Holden panel van he owned as an apprentice electrician on the peninsula more than 40 years ago. He calls it “the Wizard”, and likes to unwind after work by rumbling about the same beachside haunts he and the Gibbs frequented in their respective youths.

“Sometimes,” he confesses at a local cafe, “I park under the same tree at the same beach where I parked as a kid. Then I play Bee Gees songs, only instead of cassettes they’re on CD. Everything else is the same: same car, same sound of the doors closing, same rocks where we fished as kids … Time goes on, but nothing really changes.”

Source: www.smh.com.au

Continue Reading

Market Place

Moreton Bay makes top 10 list of places to invest in property

Published

on

Moreton Bay makes top 10 list of places to invest in property

Moreton Bay has made a national top 10 list of the best places to invest in property. Photo: Redcliffe Herald.Source:Supplied

MORETON BAY has emerged as one of the 10 best places in the country to invest in property, as some of the state’s forgotten cities undergo a regional revival.

A new report reveals smaller capital cities and regional centres are now the primary focus for property investors, as attention switches from Sydney and Melbourne.

Two Queensland regions have made the latest National Top Ten Best Buys list by hotspotting.com.au — Moreton Bay and Townsville.

Moreton Bay makes top 10 list of places to invest in property
A bird’s eye view of the Scarborough marina in the Moreton Bay region. Picture: Lynne Broughton.Source:Supplied

Suburbs in the Moreton Bay region such as Banksia Beach, Bellmere, Deception Bay, Burpengary and Sandstone Point all saw a steady rise in sales in the first quarter of this year.

Hotspotting founder Terry Ryder said the fact there were so many markets moving in different directions and at various speeds was an advantage for investors.

Moreton Bay makes top 10 list of places to invest in property
Hotspotting founder Terry Ryder.Source:News Limited

“While many commentators tend to discuss Australian real estate as a single market, there are many different markets driven by events in their local economies,” he said.

“Sydney and Melbourne have been rising, while Perth and Darwin have been falling, and others cities like Brisbane and Adelaide have been marking time, with only very minor growth.”

Mr Ryder said that while only the outer ring areas of Sydney and Melbourne were still firing, Hobart was performing strongly, Canberra was rising steadily and Perth was recovering.

“We also expect better performance from Adelaide and Brisbane in the next 12 to 18 months,” he said.

Moreton Bay makes top 10 list of places to invest in property
This four-bedroom house at 16 Manikato Ct, Burpengary, in Moreton Bay is for sale for offers over $649,000.Source:Supplied

The report identifies areas such as Newcastle, Geelong and the Sunshine Coast as having strong local markets, while other regional centres like Ballarat and Townsville are starting notable growth phases.

“National factors like access to finance and the level of interest rates are common across the country, but the core factors that differentiate one market from another are events in the local economy,” Mr Ryder said.

“These include population growth, business expansion and spending on infrastructure, which generate economic activity and jobs creation. Out of that comes local demand for real estate.”

Moreton Bay makes top 10 list of places to invest in propertyThis house at 16 Loftus Place, Sandstone Point, in Moreton Bay is for sale.Source:Supplied

THE TOP 10 BEST BUYS

1. City of Marion, SA

2. Joondalup Precinct, WA

3. Moreton Bay Region, QLD

4. Belconnen District, ACT

5. Hunter Valley, NSW

6. Townsville, QLD

7. City of Stirling, WA

8. Ballarat, VIC

9. Queanbeyan-Palerang Region, NSW

10. City of Onkaparinga, SA

(Source: Hotspotting)

Source: www.news.com.au

Continue Reading

Make Your Super Work

smsf property investment smsf borrowing

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

investment property calculator successin property

Trending