From the Australian:

Queensland, beautiful one day, overpriced the next
Anthony Klan
May 11, 2005
SYDNEY and Melbourne buyers in search of cheaper housing are abandoning Queensland in droves, forcing a slump in what has been the nation's hottest market and prompting fears of a glut of new properties.

Just weeks after Brisbane exceeded Melbourne's median house price, data for the March quarter shows prices have fallen 3 per cent - the biggest fall in more than a decade.

The median house price in Brisbane had been $357,750 before the recent fall, compared to Melbourne's $352,000.

Migration to Queensland fell by 14 per cent to 53,500 in the year to September, Australian Bureau of Statistics figures show.

Michael Matusik of Matusik Property Insights said that although Queensland still recorded the strongest migration growth in the country, growth levels would fall further as fewer people moved to southeast Queensland from the southern capitals due to rising housing prices.

"Victoria remains the second fastest growing state fuelled by an increasing share of overseas migrants and now migrants returning home from a stint in Queensland," Mr Matusik said.

"People feel that whilst interest rates have risen a little bit, they can get into the southern housing markets a little easier than they could in 2002 and 2003 when migration to southeast Queensland peaked."

According to the Real Estate Institute of Victoria, Melbourne house values fell 4.9 per cent in the March quarter.

Sydney apartment prices fell by 8 per cent in the year to April, according to CPM Research.

Real Estate Institute of Queensland research manager Fiona Bergin said the slowing population growth could cause problems for some developers.

According to PRDnationwide, sales of inner-city apartments in Brisbane hit their lowest level in six years in the March quarter.

However, Ms Bergin said house rental vacancy rates were a low 1.66 per cent for Brisbane in the March quarter. This would put a floor under Brisbane house prices, she said.

Mr Matusik said some southeast projects had been put on hold or abandoned which would also help ease supply.

Since the end of the property boom, developers have abandoned plans to develop more than 7000 apartments across the country.

However, there are still more than 10,000 apartments under construction and expected to be completed in Sydney, Brisbane, Melbourne and the Gold Coast in the next 12 months.

The prices will drop again. (Ive seen 2 or more articles talking about the market 'softening')

It is to be expected with so many people coming. But we wll have a short break, they will drop again, and the immigration will pick up.

thats my view at least.

i knew this would happen.. 50million buildings go up in brisbane and theres now no one to fill them. this would put some projects on hold wouldnt it. eg panorama sky and maybe even vision?????

Journalists aren't Statisticians. The Courier Mail was running a similar story on the weekend.

median prices are dependant on a number of things and quaterly statements aren't really a sure-fire way of determining the state of the market.

I guess it was to be expected and I can understand that people from Melbourne are less likely to stay here or come in the first place now, but I find it hard to believe that immigration from NSW will slow that much. I still know plenty of people who are looking at moving to Qld from NSW for reasons other than the property market, such as the lower cost of living and the lifestyle which many people prefer(thats not to say all people).

I would be surprised if alot of the apartment towers, especially those in Petrie Bight get off the ground over the next couple of years, and Im really not confident that Panorama Sky is ever going to happen, even though there is talk of ground works happening. I do hope sales for Vision go well, and given the stature of the building it shouldnt be a problem but I guess we will just have to wait and see.

Awsome find Wowsim!

The median house price in Brisbane had been $357,750 before the recent fall, compared to Melbourne's $352,000.
^^^
LOL - I can see an argument starting here, some people arn't going to want to believe that :runaway:

(Back again) - on another note, its a serious problem this overpricing of real estate when you consider that the Gold and Sunshine Coasts have a much higher median house price than Brisbane, so its not like you can just move further out of the city like in other capitals. Median metro SEQ house prices are much higher than Brisbane.

Only Ipswich is cheap now - this could be how they get people to move into the western corridor.

jt

lol at all the QLD ppl jumping in and arguing with the article ;) (not trying to be mean fellas just look funny ;) )

as long as vision and skyline still go ahead i dont care if growth slows.

however wouldnt falling house prices mean there will be a period of slowed growth and then when house prices have fallen growth will increase again?

its great news for Queensland, the last thing the state needs is more old people. lets face it as the population gets older (my self included in 50 years) younger generation will have to support it financially. and the federal does not fund hospitals etc, state tax payers do. better to have older population spread equally through out all the states, so there is more of an equal burden.

if it dips below 50k a year, Beattie has absolutely no amunition to keep bitching bout poor arse Queensland not being able to cope with its own high growth policies!

re: rob's point, the latest person I know who's headed north has been a retiree (retired at 43 - owns about 3 properties on the Gold Coast alone!) who lived in Sydney for 15 years, originally from Melbourne. One of those sun lovers whose skin is practically charcoal and like leather :lol:

its great news for Queensland, the last thing the state needs is more old people. lets face it as the population gets older (my self included in 50 years) younger generation will have to support it financially. and the federal does not fund hospitals etc, state tax payers do. better to have older population spread equally through out all the states, so there is more of an equal burden.

Yes but even with the perceived amount of older people moving to Queensland we will still have a much younger population than the Southern States well into the middle of this century. Yes they do move here to Live but they move back south to get old, sick and die with family.

jt

Care to back that up with anything? coz everything i've never read anything that indicates that...

Care to back that up with anything? coz everything i've never read anything that indicates that...

Well its common knowledge that old people move south to be with family to die.

Here is the age differences between states - as you can see the southern states will have many more 65's and over as a percentage of their populations than Queensland and WA will - we will remain young:P

http://www.abs.gov.au/Ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/811fa95a2d0b898dca256bcd00825566!OpenDocument

jt

Right....common knowledge. I could also say its common knowledge that Melbourne downtown is far busier and more happening that Brisbane's, but you and I know that isnt true is it JayT?

Here you go JayT, straight from the horses mouth, the 85yo and older age bracket is booming in QLD, growing alot faster than it is in NSW and VIC.

"Queensland, Western Australia and the Australian Capital Territory are all projected to experience large increases in their populations aged 85 years and over. In these states this age group is projected to be between seven and fifteen times larger in 2051. However, New South Wales, Victoria and Queensland, being the most populous states, remain the states with the largest number of people aged 85 years and over. By 2051, New South Wales is projected to have between 488,000 and 815,700 people in this age group, which is a five to eightfold increase on 2002. Victoria is projected to have between 383,600 and 634,500 people aged 85 years and over (a five to ninefold increase), while Queensland is projected to have between 340,200 and 647,800 people in this age group (a seven to fourteenfold increase)."

Pretty much the same story for 65+
"Some of the highest relative increases are projected for the Northern Territory, Queensland, the Australian Capital Territory and Western Australia, where the populations aged 65 years and over are projected to at least triple in size by 2051."



http://www.abs.gov.au/ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/95560b5d7449b135ca256e9e001fd879!OpenDocument

Wowism,

QLD and WA have the youngest populations in Australia.
I really cant be F****d finding the info posted ages ago, but anyone who reads enough threads will remember it. Had graphs and all.

QLD and WA are both like 33-35 or something. (average), the rest are far older.

Well i don't know about average age....as far as i know the ABS only provides median. Which are NSW: 36.4, VIC: 36.2, SA: 38.2, QLD: 35.5, WA: 35.5 TAS: 38.1, ACT: 33.8 and NT: 30.3
Not much of a difference is there...?
Also doesnt change the fact that the older demographic groups are increasing at a faster rate than in Vic and NSW...

Using the (slightly old yes) ABS Regional Profiles on Brisbane, Sydney and Melbourne...(I would use QLD, VIC, and NSW, but i dont have those one ssaved on my computer lol)

The groups are as such (in %)

Brisbane:
Under 14 Years: 20.4%
15 to 44 Years: 45.5%
45 to 64 Years: 23.0%
Over 65 Years: 10.8%

Melbourne:
Under 14 Years: 19.1%
15 to 44 Years: 45.6%
45 to 64 Years: 22.8%
Over 65 Years: 12.4%

Sydney:
Under 14 Years: 19.5%
15 to 44 Years: 45.8%
45 to 64 Years: 22.6%
Over 65 Years: 11.9%

Perth:
Under 14 Years: 19.7%
15 to 44 Years: 44.9%
45 to 64 Years: 23.4%
Over 65 Years: 11.4%

Adelaide:
Under 14 Years: 18.2%
15 to 44 Years: 42.8%
45 to 64 Years: 24.0%
Over 65 Years: 14.8%


Brisbane
Melbourne
Sydney
Perth
Adelaide

Highest Amount -- -- -- -- Lowest Amount

Under 14 Years: 20.4%, 19.7%, 19.5%, 19.1%, 18.2%
15 to 44 Years: 45.8%, 45.6%, 45.5%, 44.9%, 42.8%
45 to 64 Years: 24.0%, 23.4%, 23.0%, 22.8%, 22.6%
Over 65 Years: 14.8%, 12.4%, 11.9%, 11.4%, 10.8%


____________________________________________________________

Look at the colour patterns in the last little thing i did up (which took a while)

Brisbane (QLD) Clearly hasa diagonal line shape going from having MOST young people, down to the least old people...


If you wish to check these stats get the 2002 regional profiles off ABS

Yay I'm an average Queenslander. I'm so young and sexy and hip and happening. My age is 35 years and 6 months.

I'm so glad I'm not one of those horrible boring old Victorians who are just waiting around wasting time and waiting to die. Imagine being all of 36 years and 3 months old. I shudder just to think.

Well i don't know about average age....as far as i know the ABS only provides median. Which are NSW: 36.4, VIC: 36.2, SA: 38.2, QLD: 35.5, WA: 35.5 TAS: 38.1, ACT: 33.8 and NT: 30.3
Not much of a difference is there...?
Also doesnt change the fact that the older demographic groups are increasing at a faster rate than in Vic and NSW...

what you didn't take into account was the growth in the younger demographic groups....which are growing faster. Thus, it more than cancels out.

You can see this in the abs page you reference previously....

0-14 in 2051

Vic: 13.6%
Qld: 14.3%

Over 60

Vic: 27.3%
Qld: 26.8%

So, Qlder's will still be younger regardless.....

As proved here, QLD is a younger state than VIC and NSW.


Not that it makes all that much difference when it comes down to it (1-3%).
You just need to get the old stereotype out of your head lol. QLD is no Florida

Gota love u guys with all the bullshit stats.

Here's a very important stat which shouldnt be overlooked.

Number of dickheads named 'Hot Dogs' currently living in Qld NSW and VIC.

QLD - 1
NSW - 0
VIC - 0

Clearly Qld is superior here with a possiblity futher growth in maggots named 'Hot Dogs'.

yeah, bullshit stats right from the ABS.

Piss off dean, dont start an arguement.

And stop watching BB.

^^ Dont tell me to piss off you little punk kid.

It was a joke dickhead.

Dont mess wicho punk ass brotha dickhead yo.

Heres one for you, your not funny, and i should know, im HiiiiLarriioouuss

I think it's good to have a cooling off period so QLDers can actually afford housing. The last property cycle was huge so it's followed by a larger than normal cooling off period.

Also you need to remember that median property price figures are drawn from only 11 sales per month. Therefore short term shifts in the market, such as the sale a a few high end properties, can throw the fugires out. For example the median price in Calamvale has risen, however, Calamvale is experiencing the same market correction that the rest of SEQ is facing. The price figures were skewed by some high end brand new property sales in Montruse Estate. A shift of focus onto different market segments within a single suburb has the ability to significantly skew price figures.

The median house price in Brisbane had been $357,750 before the recent fall, compared to Melbourne's $352,000.

Is this price only for detached? If it isn't ...Yikes, that's even more expensive than Vancouver's median, & I thought Van was overpriced. Australian incomes must be much higher than Canadian ones to be able to afford it.

Here you go JayT, straight from the horses mouth, the 85yo and older age bracket is booming in QLD, growing alot faster than it is in NSW and VIC.

"Queensland, Western Australia and the Australian Capital Territory are all projected to experience large increases in their populations aged 85 years and over. In these states this age group is projected to be between seven and fifteen times larger in 2051. However, New South Wales, Victoria and Queensland, being the most populous states, remain the states with the largest number of people aged 85 years and over. By 2051, New South Wales is projected to have between 488,000 and 815,700 people in this age group, which is a five to eightfold increase on 2002. Victoria is projected to have between 383,600 and 634,500 people aged 85 years and over (a five to ninefold increase), while Queensland is projected to have between 340,200 and 647,800 people in this age group (a seven to fourteenfold increase)."

Pretty much the same story for 65+
"Some of the highest relative increases are projected for the Northern Territory, Queensland, the Australian Capital Territory and Western Australia, where the populations aged 65 years and over are projected to at least triple in size by 2051."



http://www.abs.gov.au/ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/95560b5d7449b135ca256e9e001fd879!OpenDocument

Did you take into account that they are not percentages??? By the time those stats come true Queensland will have a much larger population than Victoria - so your case is pointless.

Well Done Malt for supplying statistics and once an and for all proving that Queensland has a much younger population and will continue to be much younger in the future.

Oh and well done for putting Dean in his place - LOL

jt

As proved here, QLD is a younger state than VIC and NSW.


Not that it makes all that much difference when it comes down to it (1-3%).
You just need to get the old stereotype out of your head lol. QLD is no Florida

There are so many old stereotypes that southerners have about Queensland - none of which are true and no matter how much statistical information and reliable sources of information you pump into them 'some' will continue to resort to their old ways of thinking.

I think it makes them feel more comfortable.

jt

Well done all of you for mindlessly arguing over population statistics. Does it increase your e-Penis size by arging about it?

i was thinking more sunshine coast area rather then brisbane. ;p

lol ABS..

Next time i see you contributing ot a thread i will ask u if it increases your E-Penis size

*looks at Malt's post count*

I rest my case...

People are always arguing over population statistics on this forum.

*looks at Malt's post count*

I rest my case...

People are always arguing over population statistics on this forum.

And for good reason.
Population statistics are a good indication of:
- a state or cities popularity
- recognition of a great place to live
and
- population growth promotes development - and even new skyscrapers!
It promotes change, both social and in terms of developent - which we all love.
Increases a city or a states stature - if it has a higher population.

There are many reasons why population is an issue - in Australia anyway.

jt

Looking at your post count, ABS, indicates you could contribute more.

Some people on this forum are such idiots. You guys need to grow up and stop bickering like spoilt little children with major inferiority complexes. You are an insult to the cities you think you represent.

old people go to queensland to die.....its known...

if not, then why is it common knowledge...most people know old people go to queensland to retire....that is to die....im sure they know that, and im sure you know that.

old people go to queensland to die.....its known...

if not, then why is it common knowledge...most people know old people go to queensland to retire....that is to die....im sure they know that, and im sure you know that.
:weirdo:
Undisputable evidence that Victorians are slow - LOL
Lightning~Bolt - try reading the thread.

jt

:weirdo:
Undisputable evidence that Victorians are slow - LOL
Lightning~Bolt - try reading the thread.

jt

Yes, yes of course, QLD being the smart state and all.... :)

Yes, yes of course, QLD being the smart state and all.... :)
Only in terms of IQ:D

But what is 3 points between states hmm?

jt

^^^^^
This he bases on the National IQ test conducted by Channel Nine LOL

^^^^^
This he bases on the National IQ test conducted by Channel Nine LOL

Yeah - twice in a row Victoria came in with the lowest IQ's in the nation, so there must be something in it. Even when they were prompted (helped) with local pictures in some of the questions they still came in last:D

Oh well - everyone know's that IQ's don't mean a thing - do they?
:D
jt

awww, have the victorians been teasing you again jayt? :cry: :cry:

Victoria killed my mother.

Yes, by all acounts the Tv special national IQ test is a good, accurate and true indicator of how smart each state is!

DO you know what else is? the fact that Pauline Hanson polled 25%!!! of the primary vote in QLD state elections!
Thats right, 1 in 4 QLDers thought Pauline's brilliant policies, like printing more money to help the poor, were wise and helpful.... =p

And for good reason.
Population statistics are a good indication of:
- a state or cities popularity
- recognition of a great place to live
and
- population growth promotes development - and even new skyscrapers!
It promotes change, both social and in terms of developent - which we all love.
Increases a city or a states stature - if it has a higher population.

There are many reasons why population is an issue - in Australia anyway.

jt

Water problem sure be the major issue/obstacle

Yes, by all acounts the Tv special national IQ test is a good, accurate and true indicator of how smart each state is!

DO you know what else is? the fact that Pauline Hanson polled 25%!!! of the primary vote in QLD state elections!
Thats right, 1 in 4 QLDers thought Pauline's brilliant policies, like printing more money to help the poor, were wise and helpful.... =p

Well you know us Queenslanders - we like to try new things first, especially in politics.

We did have the worlds first ever Labor Government!!!
jt

We did have the worlds first ever Labor Government!!!

...but the dominant conservative party is a rural one. Big Country town. Brisbane. Hand in Hand. :rofl: :D

...but the dominant conservative party is a rural one. Big Country town. Brisbane. Hand in Hand. :rofl: :D

:weirdo:
Again - Undisputable evidence that Victorians are slow - LOL
Don't you get news from other states?

Firstly - Queensland is a Labour state - has been for years.

Secondly - where do you get off calling Brisbane a big country town, last I heard you were still living with your mummy and daddy out at Upper Outer Beaconsfield or something - in the country!:D

Thirdly - your from Victoria (ultra conservative) so I don't know where you get off calling Brisbane a big country town. Isn't it country wealth and country money that still rule over the big end of town down there?

Gees - Melbourne reeks of country wealth. Old pastoralist money is the essance of Melbourne, you can feel it on the streets.
jt

Jeez jayt i was gettin a bit worried. You haddnt said anything dumber than dog shit in a while, so i was starting to think that you'd finally found some brains.

but oh well.. my mistake.

Jeez jayt i was gettin a bit worried. You haddnt said anything dumber than dog shit in a while, so i was starting to think that you'd finally found some brains.

but oh well.. my mistake.

Doesn't take you long to rear you ugly head does it. Here's a thought, why don't you piss off back to the Victorian forum where you belong.

REDNECK IDIOT!

I am deans father

Secondly - where do you get off calling Brisbane a big country town, last I heard you were still living with your mummy and daddy out at Upper Outer Beaconsfield or something - in the country!

:lol: yeah, but at least I'm not from Lilydale :D

aw Jayt, let me educate you, please.

Victoria isn't ultra conservative - never has been, it, before Howard, along with SA were the only true 'liberal' states, (google for Henry Bolte then Rupert Hamer and learn something) - where all the wets came from, of which I doubt you know what I'm talking about, but believe me, they weren't conservative - and Australia in general is socially conservative, not just any one region - including Labor states like NSW.

The National party in Victoria isn't conservative either - in fact they, before 1955, voted with the ALP on many occassions and even supported the ALP in minority governments when it suited them. Victoria, like Queensland, doesn't have malapportionment (weighting one region's votes heavier than the other, i.e rural vote worth more than city) anymore, but where the difference lies, in each capital city, it's as if it still exists in Queensland, especially with the National party having a firm grip on the Gold Coast.

pastoralist :lol: wrong state JayT, that's the NSW National party.

HTH.

I am deans father

You must be his brother as well then :rofl:

jt

lol, not that im getting involved in an arguement or tkaing sides...


but JayT, that was an excellent call.

lol. It made me laugh

I don't understand this forum. Jayt is constantly trolling yet never gets brigged, banned or ANYTHING?! People have been banned for much less than all the bullshit he consistantly pulls.

Why won't the mods do anything? Because tayser is scared the qlders will try and start a revolt against him YET again, Culwulla is too busy hating victorians because tays got the head mod job and the rest of the mods don't have the power. Good setup there guys.

There are alot of awesome people on the forum that *actually* contribute, but I really don't know whats keeping them here. The shit people in the middle really fucking piss me off.

/hissy fit

lol.

:bash: :weirdo:
Again - Undisputable evidence that Victorians are slow - LOL
Don't you get news from other states?

Firstly - Queensland is a Labour state - has been for years.

Secondly - where do you get off calling Brisbane a big country town, last I heard you were still living with your mummy and daddy out at Upper Outer Beaconsfield or something - in the country!:D

Thirdly - your from Victoria (ultra conservative) so I don't know where you get off calling Brisbane a big country town. Isn't it country wealth and country money that still rule over the big end of town down there?

Gees - Melbourne reeks of country wealth. Old pastoralist money is the essance of Melbourne, you can feel it on the streets.

jt

First it's "Labor" not Labour. And QLD isnt unique in having a Labor government you know....
Second, Victoria is the MOST progressive state in Australia, hands down. QLD would be the most conservative easily. look no further than the 1999 referendum, a perfect example of conservative vs progressive issue. Whats that? Vic had the highest YES vote with just under 50% while QLD had by far the lowest YES vote, only 37%!
Third, manufacturing is what drives VIC and primary production is what drives QLD. i think you're a little confused. just look at QLD's top 5 exports, all of them are unprocessed primary commodities except one (aluminium) While only one of Victoria's is (wool) and its biggest export is Automobiles!

JayT is shit stirring. Come on, we know him. Love him for what he is :). Goran on the other hand just spits shit and slanders with colourful language about how bad we all are. Samantha was plain racist.

Come on, I bet some of you find this type of thread entertaining. It's hard for mods sometimes to know where to draw the line too I guess.

JayT is shit stirring. Come on, we know him. Love him for what he is :). Goran on the other hand just spits shit and slanders with colourful language about how bad we all are. Samantha was plain racist.

Come on, I bet some of you find this type of thread entertaining. It's hard for mods sometimes to know where to draw the line too I guess.

I agree with you homer. it's good to have a laugh however ,personally, im not into pillow biting, delusional, factless, brainless, redneck ex-country boys from hicksville myself.

I prefer chicks with big tits. :nocrook: lol

Cheers

Dean - Melbourne

LOL @ this thread.

Yes, by all acounts the Tv special national IQ test is a good, accurate and true indicator of how smart each state is!

DO you know what else is? the fact that Pauline Hanson polled 25%!!! of the primary vote in QLD state elections!
Thats right, 1 in 4 QLDers thought Pauline's brilliant policies, like printing more money to help the poor, were wise and helpful.... =p

don't forget that we gave Sir Joh a state funeral too ;)

lol, im glad ppl are still able to laugh in the face of all this blatant shit stirring. but wat ever happened to good ol' fashioned sniping?

e.g "Don't worry victorians. Some QLDers just have their head up their arse because our state has an international reputation"

:cheers: