18/09/2026
Population data reveals movement between Victoria and Queensland's property markets
Today's Australian Bureau of Statistics population data brings an interesting shift: for the first time since COVID, Victoria recorded a net inflow of interstate migration on an annual basis. It's small, just 82 people, but it landed in the same quarter that Queensland's interstate migration hit its lowest level since 2015.
Oliver Hume Chief Economist Matthew Bell says affordability is likely playing a role, with SEQ's vacant land prices now sitting more than $100,000 above Greater Melbourne's, and Brisbane's median dwelling value having overtaken Melbourne's in recent years.
Nationally, population growth of 1.4% still outpaces the 0.6% average across other advanced economies, keeping pressure on housing demand even through the current downturn.
Read Matthew Bell's full breakdown on what this means for property markets.
https://lnkd.in/gkBxyYbY