Queensland has been forced to implement an emergency task force dedicated to tackling the population explosion being seen in South East Queensland.
The task force, implemented by the Queensland State Government, will be responsible for ensuring there is enough housing and infrastructure to accommodate the current population boom.
With interstate migration at a 20 year high, South East Queensland faces a drastic undersupply of homes from the NSW border through to the Sunshine Coast. Homes listed for sale are snapped up by desperate buyers often before they reach their first open home, every lot of vacant land offered for sale is outnumbered by dozens of eager potential purchasers, and rental properties are often outnumbered by 50 to 200 rental applications.
Vacancy rates throughout SEQ are at historic lows, rents are rising, and demand for rental properties has never been higher. Families are finding themselves forced to move further away from the suburbs they could once afford, and new suburbs that were once just an idea, are now very much a reality
The taskforce will focus on pursuing new partnerships between developers, local government, utility providers and state to support structure planning, infrastructure planning and infrastructure funding arrangements for new growth areas. SEQ’s population is predicted to surge by more than 2 million people within the next two decades and residents living are already feeling the escalating housing pressures.
QLD set to continue to lead migration race
The federal government expects more than 86,000 Australians are set to leave the southern states and move to QLD by 2024.
Interstate migration, which has become the key driver of population and economic growth during the pandemic, is set to benefit Queensland above any other state. Over the next four years to 2023-24, Queensland will gain 86,000 residents – equivalent to the size of Bundaberg – from other states.
In contrast, New South Wales is expected to lose 65,400 while Victoria is tipped to gain just 4300. Across the first nine months of 2020, despite pandemic lockdowns, more than 20,000 Australians moved to Queensland from other states. In the September quarter, Queensland gained 7237 new residents, which almost matched the net losses from New South Wales and Victoria combined.
Treasurer and Investment Minister Cameron Dick said while COVID-19 had caused unprecedented disruption, Queensland’s interstate migration gave the state a “head start on the path out”.
Moreton Bay region to exceed Tasmanian population by 2032
The Moreton Bay region is one of the fastest growing in south-east Queensland, according to a Queensland government research paper.
It is home to 470,000 residents, making it the third largest council in Australia.
The trend has no sign of slowing with the ShapingSEQ report forecasting an additional 240,000 residents will call the Moreton Bay region home by 2036.
The research found Moreton Bay would need to build another 88,000 homes to accommodate the population surge.
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