Population growth is a well know driver of property values.
Follow the flow of people with your buying and you are likely to do well with capital growth.
The following list is the top 10 urban areas in Australia based on 2022 ABS data.
ABS population data: Top 10 population growth rates for urban areas
Healthy growth for all of the top 10 as you might expect. Brisbane is in a fortunate position as the two main population centres in Australia are both delivering a steady influx of interstate migrants to Brisbane.
Brisbane is clearly benefitting from population outflows from Sydney and Melbourne.
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The price differential between Sydney and Melbourne compared with Brisbane means that every year we get a large increase as people move north to enjoy the better climate and the stronger purchasing power in the housing market.
This is a sticky trend and sets Brisbane up as potentially overtaking Melbourne or Sydney in the future as our second most populated urban area.
