trends in Brisbane property

6 million migrants call Australia home

The ABS have released new stats today that show how truly multicultural this nation has actually become. Walking around Brisbane’s inner city you see a good reflection of the findings below and it’s interesting to consider how these trends might change demands on our housing. For example will less Brits coming here and more Chinese mean a bigger appetite for higher density living? (As well as less demand for hot beer and cold pies….)

“Almost 6 million migrants, born in over 200 countries, live in Australia. According to figures released today by the Australian Bureau of Statistics (ABS), 27% of Australia’s resident population were born overseas, as at June 2010. People born in the United Kingdom continued to be the largest group of overseas-born residents, accounting for 1.2 million people. The next largest group was born in New Zealand with 544,000 people, followed by China (380,000 people), India (341,000) and Italy (216,000).

Over the last decade, the proportion of those born in the UK declined from 5.9% of Australia’s population in 2000 to 5.3% in 2010. In contrast, the proportions increased for people born in New Zealand (from 1.9% to 2.4%), China (from 0.8% to 1.7%) and India (from 0.5% to 1.5%). The majority (76%) of overseas-born residents were of working age, 15–64 years at June 2010. Migrants born in Asia, America and Africa had proportionally larger young (0–14 years) and working age (15–64 years) populations compared to those from Europe.

In 2009–10, net overseas migration contributed the greatest number of people to the most populous states: New South Wales with a net of 66,000 persons, followed by Victoria (60,400) and Queensland (39,700). The Northern Territory had the lowest contribution with a net of 1,300 persons.”