Soaring Sydney house prices to spark mass migration north: Macquarie
Soaring property prices in Sydney are likely to spark a fresh wave of migration into south-east Queensland, according to Macquarie Bank researchers.
Macquarie’s equity strategy team said the economic fundamentals had aligned, “for another great wave of interstate migration into Queensland”. “Sydney house prices are nearly double those in the other capital cities and job creation in Queensland is on the rise,” the Macquarie team wrote in a note to clients. If history was any guide, Macquarie argued, then about 130,000 people would make the trek north over the next three years, bringing with them a large transfer of wealth. Click here to read further