Market research firm, Propertology, have analysed the latest official interstate migration figures and found that thousands of Australians are moving to capital cities in other states in a bid to find affordable housing.

Propertyology Head of Research Simon Pressley said the mass interstate migration was likely to last for many more years, as more Australians chase affordability.

“The Great Australian Dream is alive and well and the latest data proves that people are prepared to uproot and move to make that dream a reality,” he said.

“The big winners are affordable locations within our capital cities with thousands moving either intra or interstate to get a foot on the property ladder. Affordability will continue to be the deciding factor for buyers in the years ahead, which bodes well for many of these outer-ring locations," he said.

Brisbane

The Redlands, Moreton Bay, and Ipswich saw the biggest gains from interstate migration, according to the research. 

Mr. Pressley said Queensland was in the midst of an interstate migration boom with more than 17,000 new residents in one year alone.

“Greater Brisbane is made up of only five city councils, all of which were beneficiaries of positive internal migration last year,” he said.

“Once again it seems that affordability was a key driver with the more expensive metropolitan Brisbane attracting the smallest portion of interstate migration while Moreton Bay welcomed the lion’s share," he said.

Sarah Hackett, an agent at Place Bulimba, told WILLIAMS MEDIA she regularly sees buyers arriving from Sydney.

This three-bedroom home in Morningside is for sale through Place Bulimba. View this property on The Home Page.

"Last weekend, we had a couple with a two-year-old who had just arrived from Sydney. I asked them how they were adjusting because Brisbane is much slower paced. They told me they're loving it up here. They couldn't even buy in Sydney while in Brisbane, they're getting more value for their money. They can see a future for their family up here.

"They told me that in Sydney, they couldn't even buy a two-bedroom townhouse for under $1m, and that didn't even include land, whereas here, they're able to buy a house on an 800sqm block for under $1m," she said. 

Auctioneer, Justin Nickerson, told WILLIAMS MEDIA that most interstate buyers are coming from Sydney and Melbourne.

"We have seen a fair degree of migration from Melbourne and Sydney as affordability for properties within close proximity to the CBD far exceeds what they can get in Sydney and Melbourne," he said.

Sydney

The research revealed that the biggest gains for interstate migration were Camden, The Hills Shire, and Liverpool. 

Mr. Pressley said the strong population growth was partly thanks to overseas migration, however, new local residents were opting for more affordable city regions. 

“There’s a pull towards Sydney’s more affordable areas like Camden and Liverpool, but on the other hand, there appears to be a push away from locations that are attracting the highest proportion of overseas migration,” he said. 

“Sydney’s median house price will always be eye-wateringly high but it’s clear that more wannabe property owners are prepared to compromise proximity for affordability.

“They are choosing to move to more affordable locations where they actually have a chance of buying a property," he said.

This three-bedroom home in Seven Hills is for sale through Starr Partners Blacktown with a price guide of $750,000 - $800,000 as listed on The Home Page.

Joanna Younan, an agent from McGrath Liverpool, told WILLIAMS MEDIA buyers are attracted to the affordability and location Liverpool provides.

"With Liverpool being one of the closet, most affordable suburbs in a major city, buyers are coming from interstate looking for location, good value for money and proximity to their work. You can get a two-bedroom apartment for under $400,000," she said.

Perth

While Perth's population growth has recorded a decline according to Mr. Pressley, the city is still attractive to interstate migrants.

“The West Australian capital is still attractive to interstate migrants, with some people still prepared to make the trek west in the year ending June,” he said.

“Several years ago, Perth used to be one of Australia’s most expensive cities, but the soft property market has improved housing affordability; this is a factor in the decision-making of many interstate migrants," he said.

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